Ricardo (LON:RCDO) Stock Crosses Above Two Hundred Day Moving Average of $451.80

Ricardo plc (LON:RCDO)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 451.80 ($5.68) and traded as high as GBX 474 ($5.95). Ricardo shares last traded at GBX 467 ($5.87), with a volume of 34,984 shares.

Wall Street Analysts Forecast Growth

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

Ricardo Stock Performance

The company has a current ratio of 1.92, a quick ratio of 1.57 and a debt-to-equity ratio of 78.74. The firm has a market cap of £290.57 million, a PE ratio of -46,700.00 and a beta of 0.57. The stock’s 50 day moving average price is GBX 444.32 and its 200 day moving average price is GBX 451.80.

Ricardo Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Judith Cottrell bought 6,782 shares of the stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of GBX 439 ($5.52) per share, for a total transaction of £29,772.98 ($37,403.24). 2.48% of the stock is currently owned by 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).