Industrial auctioneer Ritchie Bros. (RBA.TO) Friday said sales at its Houston, Texas auction this week exceeded US$47 million. The two-day auction on April 20 – 21 attracted over 4,400 total bidders from 57 countries. The stock edged up to $36.50 at closing on Thursday, moving at the top half of 52-week range $29.49 – $39.94.
The stock closed at $36.5 during the last session. It is down 1.90% since September 16, 2015 and is uptrending. It has underperformed by 2.92% the S&P500.
Ritchie Bros. Auctioneers Incorporated is an auctioneer of industrial equipment.
The company has a market cap of $3.87 billion. The Firm is engaged in providing unreserved auction services to equipment buyers and sellers. It has a 22.58 P/E ratio. Ritchie Bros. focuses on the sale of heavy machinery.
