Rocky Mountain Dealerships (TSE:RME) Hits New 52-Week Low at $7.00

Rocky Mountain Dealerships Inc. (TSE:RME)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$7.00 and last traded at C$7.00, with a volume of 12650 shares changing hands. The stock had previously closed at C$7.04.

Several research analysts have recently weighed in on RME shares. Raymond James reduced their price objective on Rocky Mountain Dealerships from C$11.50 to C$10.50 and set an “outperform” rating for the company in a research report on Thursday, August 1st. CIBC dropped their target price on Rocky Mountain Dealerships from C$10.00 to C$9.00 in a report on Tuesday, July 16th. Royal Bank of Canada dropped their target price on Rocky Mountain Dealerships from C$9.00 to C$8.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. TD Securities lowered Rocky Mountain Dealerships from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$11.50 to C$8.50 in a report on Thursday, August 1st. Finally, National Bank Financial dropped their target price on Rocky Mountain Dealerships from C$8.00 to C$7.50 and set a “sector perform” rating on the stock in a report on Wednesday, July 31st.

The company has a market cap of $135.76 million and a price-to-earnings ratio of 13.62. The company has a current ratio of 1.29, a quick ratio of 0.09 and a debt-to-equity ratio of 266.25. The stock has a fifty day moving average price of C$7.45.

Rocky Mountain Dealerships Company Profile (TSE:RME)

Rocky Mountain Dealerships Inc, through its subsidiaries, sells, rents, leases, and provides support services for new and used agriculture and industrial equipment primarily in Canada and the United States. The company primarily provides utility tractors, harvesters, sprayers, articulated 4 wheel-drive tractors, skid steer loaders, excavators, wheel loaders, graders, and equipment for maintaining barns and feedlots.

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