Royal Mail (LON:RMG) Shares Cross Below Two Hundred Day Moving Average of $207.00

Shares of Royal Mail plc (LON:RMG – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 207 ($2.60) and traded as low as GBX 196.90 ($2.47). Royal Mail shares last traded at GBX 207 ($2.60), with a volume of 4,361,451 shares traded.

Royal Mail Trading Up 5.4 %

The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 41.49. The firm has a market cap of £1.98 billion and a P/E ratio of 339.34. The business’s 50 day moving average is GBX 207 and its 200-day moving average is GBX 207.

About Royal Mail

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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.

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