RS Group (LON:RS1) Trading 0.3% Higher – Here’s What Happened

RS Group plc (LON:RS1) traded up 0.3% on Thursday . The stock traded as high as GBX 732 ($9.32) and last traded at GBX 723.50 ($9.22). 250,209 shares were traded during trading, a decline of 82% from the average session volume of 1,388,922 shares. The stock had previously closed at GBX 721.50 ($9.19).

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RS1. Citigroup upgraded RS Group to a “buy” rating in a report on Thursday, September 5th. Shore Capital raised RS Group to a “buy” rating in a research note on Thursday, November 7th.

RS Group Stock Performance

The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 47.24. The firm’s fifty day moving average price is GBX 748.17 and its 200 day moving average price is GBX 755.03. The firm has a market capitalization of £3.38 billion, a PE ratio of 1,832.05, a PEG ratio of 1.85 and a beta of 0.86.

RS Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, November 21st will be issued a dividend of GBX 8.50 ($0.11) per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a dividend yield of 1.25%. RS Group’s dividend payout ratio is 5,641.03%.

About RS Group

RS Group plc, together with its subsidiaries, distributes various electronics and industrial products and solutions in the United Kingdom, the United States, France, Germany, Italy, Mexico, and internationally. The company provides industrial interconnect and test, industrial automation and control, board-level electronics, and single-board computing products; and tools, consumables, and facilities maintenance products, such as personal protective equipment, site safety products, and 3D printing products.