Ritchie Bros. and AssetWorks announce prepackaged integration of software Ritchie Bros. and AssetWorks announced the availability of a prepackaged integration between the Ritchie Bros. EquipmentOne marketplace Surplus Management Software, or SMS. Designed to allow AssetWorks' customers the ability to seamlessly post assets to EquipmentOne, the integration can dramatically reduce the time and effort required to identify, list and sell surplus equipment.
Ritchie Bros. downgraded to Market Perform from Outperform. at BMO Capital BMO Capital notes that Ritchie is transforming from simply selling unreserved auction services to a premier asset management and disposition company. BMO says the company's initiatives will bear fruit, but it does not view the risk/reward ratio as compelling at current levels. Target $27.