Royal Mail (LON:RMG) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Royal Mail plc (LON:RMG) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 207 ($2.60) and traded as low as GBX 196.90 ($2.48). Royal Mail shares last traded at GBX 207 ($2.60), with a volume of 4,361,451 shares traded.

Royal Mail Stock Performance

The stock has a market capitalization of £1.98 billion and a price-to-earnings ratio of 339.34. The company’s fifty day simple moving average is GBX 207 and its 200 day simple moving average is GBX 207. The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 41.49.

Royal Mail Company Profile

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider. The company offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. It also provides services for the collection, sorting, and delivery of parcels and letters. In addition, the company operates ground-based parcel delivery networks in Europe that covers 40 countries and nation states.