Ritchie Bros. Auctioneers Incorporated (RBA) : During the past 4 weeks, traders have been relatively bearish on Ritchie Bros. Auctioneers Incorporated (RBA), hence the stock is down -17.1% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -14.55% relative to the S&P 500. The 4-week change in the price of the stock is -16.24% and the stock has fallen -14.51% in the past 1 week.
The stock has recorded a 20-day Moving Average of 13.55% and the 50-Day Moving Average is 15.57%. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA): On Fridays trading session , Opening price of the stock was $28.27 with an intraday high of $28.45. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.9. However, the stock managed to close at $28.05, a loss of 0.88% for the day. On the previous day, the stock had closed at $28.3. The total traded volume of the day was 518,064 shares.
The company Insiders own 0.67% of Ritchie Bros. Auctioneers Incorporated shares according to the proxy statements. Institutional Investors own 87.01% of Ritchie Bros. Auctioneers Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of 6.94%. Also, Equity Analysts at the Jefferies maintains the rating on Ritchie Bros. Auctioneers Incorporated (NYSE:RBA). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency lowers the price target from $35 per share to $28 per share. The rating by the firm was issued on August 10, 2016.
Ritchie Bros. Auctioneers Incorporated is an auctioneer of industrial equipment. The Company is engaged in providing unreserved auction services to equipment buyers and sellers. Ritchie Bros. focuses on the sale of heavy machinery. The Company operates through two segments: Core Auction segment and EquipmentOne segment. Core Auction segment offers a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding. EquipmentOne segment is a secure online marketplace that facilitates private equipment transactions. The Company sells equipment through unreserved auctions at around 44 auction sites around the world. Through the Companys unreserved auctions and online marketplaces, it sells a range of used and unused industrial assets, including equipment, trucks and other assets used in the construction, transportation, agricultural, material handling, mining, forestry, energy and marine industries.