Ritchie Bros. Auctioneers (TSE:RBA) Trading Down 2%

Ritchie Bros. Auctioneers Incorporated (TSE:RBA) (NYSE:RBA)’s share price fell 2% on Monday . The company traded as low as C$80.51 and last traded at C$80.66. 133,590 shares changed hands during trading, a decline of 18% from the average session volume of 162,473 shares. The stock had previously closed at C$82.31.

A number of equities research analysts recently issued reports on RBA shares. TD Securities decreased their price target on shares of Ritchie Bros. Auctioneers to C$80.00 and set a “hold” rating on the stock in a research note on Monday, August 16th. William Blair cut shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “market perform” rating in a report on Monday, August 9th. Finally, Raymond James lifted their target price on Ritchie Bros. Auctioneers to C$79.00 and gave the company a “market perform” rating in a research report on Friday, August 6th.

The stock has a market capitalization of C$8.86 billion and a PE ratio of 38.33. The firm has a 50 day moving average price of C$76.79 and a 200-day moving average price of C$75.06. The company has a quick ratio of 0.81, a current ratio of 1.16 and a debt-to-equity ratio of 77.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Wednesday, August 25th will be issued a $0.313 dividend. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.27. This represents a $1.25 annualized dividend and a yield of 1.56%. The ex-dividend date is Tuesday, August 24th. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 42.02%.

About Ritchie Bros. Auctioneers (TSE:RBA)

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, listing services, and private brokerage services. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery.

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