The Rank Group (LON:RNK) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

The Rank Group Plc (LON:RNK) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 77.65 ($1.01) and traded as high as GBX 84.80 ($1.10). The Rank Group shares last traded at GBX 83.60 ($1.09), with a volume of 96,886 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of The Rank Group in a research report on Thursday, August 15th.

The Rank Group Stock Performance

The firm has a market capitalization of £391.61 million, a P/E ratio of 2,786.67, a P/E/G ratio of 1.75 and a beta of 2.48. The stock has a fifty day simple moving average of GBX 81.53 and a two-hundred day simple moving average of GBX 77.71. The company has a debt-to-equity ratio of 58.20, a current ratio of 0.47 and a quick ratio of 0.65.

The Rank Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 19th were given a dividend of GBX 0.85 ($0.01) per share. The ex-dividend date was Thursday, September 19th. This represents a dividend yield of 1.21%. The Rank Group’s payout ratio is presently 3,333.33%.

Insider Buying and Selling

In related news, insider Richard Harris purchased 30,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was purchased at an average cost of GBX 76 ($0.99) per share, with a total value of £22,800 ($29,602.70). 60.53% of the stock is owned by insiders.

The Rank Group Company Profile

The Rank Group Plc, together with its subsidiaries, engages in provision of gaming services in Great Britain, Spain, and India. It operates through Grosvenor Venues, Mecca Venues, Digital, and Enracha Venues segments. The company offers a range of casino table games, including roulette, blackjack, baccarat, and poker, as well as electronic roulette and slots machine games; and community games, such as bingo, slot machine games, food and drink, and live entertainment.