Back to top

Weakness Seen in Ritchie Bros. Auctioneers (RBA): Stock Tumbles 7.2%
May 06, 2014

Read MoreHide Full Article
Ritchie Bros. Auctioneers Incorporated (RBA - Free Report) a big move on Friday, as the company’s shares fell over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for RBA, as the stock is now down more than 2% in the past one-month time frame.

The company which belongs to the Auction and Valuation Services, has seen a mixed track record when it comes to current year estimate revisions over the past few weeks 1 decrease, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

RBA currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include Sotheby's (BID - Free Report) , ABM Industries Incorporated (ABM - Free Report) and CoreLogic, Inc. (CLGX - Free Report) . All these stocks hold a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

More from Zacks Tale of the Tape

You May Like