Ricardo (LON:RCDO) Stock Crosses Above 200-Day Moving Average of $452.22

Ricardo plc (LON:RCDO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 452.22 ($5.59) and traded as high as GBX 473 ($5.84). Ricardo shares last traded at GBX 450 ($5.56), with a volume of 97,659 shares trading hands.

Wall Street Analyst Weigh In

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

Ricardo Stock Performance

The company’s fifty day simple moving average is GBX 438.60 and its 200 day simple moving average is GBX 452.22. The stock has a market capitalization of £279.99 million, a price-to-earnings ratio of -45,000.00 and a beta of 0.58. The company has a quick ratio of 1.57, a current ratio of 1.92 and a debt-to-equity ratio of 78.74.

Ricardo Cuts Dividend

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

Insider Activity

In other Ricardo news, insider Judith Cottrell bought 6,782 shares of Ricardo stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of GBX 439 ($5.42) per share, with a total value of £29,772.98 ($36,774.93). 2.57% of the stock is currently owned by company insiders.

About Ricardo

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).