Ritchie Bros Auctioneers traded at 136.01 this Wednesday August 5th, decreasing 20.05 or 12.85 percent since the previous trading session. Looking back, over the last four weeks, Ritchie Bros Auctioneers lost 16.16 percent. Over the last 12 months, its price fell by 8.96 percent. Looking ahead, we forecast Ritchie Bros Auctioneers to be priced at 150.35 by the end of this quarter and at 140.55 in one year, according to Trading Economics global macro models projections and analysts expectations.
Ritchie Bros. Auctioneers Inc. is engaged in asset management and disposition of used industrial equipment and other durable assets. Through its unreserved auctions, online marketplaces, and private brokerage services, it sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment and other industrial assets. Its segment includes Auctions and Marketplaces (A&M) and Other. Auctions and Marketplaces segment includes its live on-site auctions, its online auctions and marketplaces, and its brokerage service. Other segment includes Ritchie Bros. Financial Services (RBFS), Mascus online services, and value-added services and make-ready activities, including the Company’s equipment refurbishment services, Asset Appraisal Services, and Ritchie Bros. Logistical Services.