Ricardo (LON:RCDO) Stock Price Passes Above Two Hundred Day Moving Average of $452.93

Ricardo plc (LON:RCDO)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 452.93 ($5.64) and traded as high as GBX 454.72 ($5.66). Ricardo shares last traded at GBX 448 ($5.58), with a volume of 18,948 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “hold” rating on shares of Ricardo in a research report on Wednesday, March 6th.

Ricardo Trading Up 1.8 %

The firm has a market capitalization of £278.75 million, a P/E ratio of -44,800.00 and a beta of 0.58. The business’s 50-day moving average is GBX 434.54 and its 200 day moving average is GBX 452.93. The company has a debt-to-equity ratio of 78.74, a current ratio of 1.92 and a quick ratio of 1.57.

Ricardo Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were given a dividend of GBX 3.80 ($0.05) per share. This represents a yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 14th. Ricardo’s dividend payout ratio is -120,000.00%.

Insider Buying and Selling

In other news, insider Judith Cottrell bought 6,782 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of GBX 439 ($5.46) per share, with a total value of £29,772.98 ($37,063.34). 2.57% of the stock is owned by insiders.

Ricardo Company Profile

Ricardo plc provides environmental, technical, and strategic consultancy services in the United Kingdom, Europe, North America, China, rest of Asia, Australia, and internationally. It operates through Energy and Environment (EE), Rail, Automotive and Industrial (A&I) Emerging, Automotive and Industrial (A&I) Established, Defense, and Performance Products (PP).