The Rank Group (LON:RNK) Share Price Passes Above 200-Day Moving Average of $74.81

The Rank Group Plc (LON:RNK)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 74.81 ($0.99) and traded as high as GBX 82 ($1.08). The Rank Group shares last traded at GBX 80 ($1.06), with a volume of 142,051 shares changing hands.

Wall Street Analyst Weigh In

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

The Rank Group Stock Up 1.3 %

The business’s fifty day simple moving average is GBX 73.57 and its 200 day simple moving average is GBX 74.81. The company has a current ratio of 0.47, a quick ratio of 0.65 and a debt-to-equity ratio of 58.20. The stock has a market cap of £374.74 million, a price-to-earnings ratio of 2,666.67, a price-to-earnings-growth ratio of 1.75 and a beta of 2.47.

The Rank Group Cuts Dividend

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

Insiders Place Their Bets

In other The Rank Group news, insider Richard Harris bought 30,000 shares of the stock in a transaction on Friday, August 16th. The stock was purchased at an average price of GBX 76 ($1.00) per share, with a total value of £22,800 ($30,118.89). Company insiders own 60.50% of the company’s stock.

About The Rank Group

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.