NEW YORK (
Ritchie Bros. Auctioneers
) is trading at unusually high volume Thursday with 1.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 71 cents (-2.7%) at $25.72 as of 3:56 p.m. ET.
Ritchie Bros. Auctioneers has a market cap of $2.8 billion and is part of the
industry. Shares are up 14.7% year to date as of the close of trading on Wednesday.
Ritchie Bros. Auctioneers Incorporated, an industrial auctioneer, sells various equipments to on-site and online bidders worldwide. The company has a P/E ratio of 38.3, above the average diversified services industry P/E ratio of 37.8 and above the S&P 500 P/E ratio of 22.7.
TheStreet Ratings rates Ritchie Bros. Auctioneers as hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full
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