NEW YORK (
Ritchie Bros. Auctioneers
) hit a new 52-week high Tuesday as it traded at $26.63 compared with its previous 52-Week high of $26.50. Ritchie Bros. Auctioneers is changing hands at $26.25 with 94,826 shares traded as of 9:36 a.m. ET. Average volume has been 399,100 shares over the past 30 days.
Ritchie Bros. Auctioneers has a market cap of $2.7 billion and is part of the
industry. Shares are up 13.5% year to date as of the close of trading on Monday.
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 41.5, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Ritchie Bros. Auctioneers as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full
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