The Rank Group (LON:RNK) Shares Cross Above 200 Day Moving Average – Here’s Why

The Rank Group Plc (LON:RNK) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 82.31 ($1.04) and traded as high as GBX 91.20 ($1.15). The Rank Group shares last traded at GBX 88.80 ($1.12), with a volume of 322,043 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of The Rank Group in a report on Thursday, January 30th.

The Rank Group Stock Performance

The company’s fifty day simple moving average is GBX 84.93 and its 200 day simple moving average is GBX 82.31. The company has a current ratio of 0.47, a quick ratio of 0.65 and a debt-to-equity ratio of 58.20. The stock has a market capitalization of £415.02 million, a P/E ratio of 33.61, a P/E/G ratio of 1.75 and a beta of 2.48.

The Rank Group (LON:RNK) last posted its quarterly earnings data on Thursday, January 30th. The company reported GBX 4.80 ($0.06) earnings per share for the quarter. The Rank Group had a net margin of 1.67% and a return on equity of 3.65%. As a group, sell-side analysts forecast that The Rank Group Plc will post 7.5021608 earnings per share for the current fiscal year.

The Rank Group Company Profile

The Rank Group Plc has been entertaining Britain since 1937, from its origins in motion pictures to today’s gaming based entertainment brands. Over the course of more than three-quarters of a century, the Group has entertained many millions of customers in Britain and around the world. The Group’s story is one of iconic brands and talented people with a mission to entertain.