Ricardo (LON:RCDO) Shares Cross Above 200-Day Moving Average – Time to Sell?

Ricardo plc (LON:RCDOGet Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 411.31 and traded as high as GBX 434. Ricardo shares last traded at GBX 430, with a volume of 63,593 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered shares of Ricardo to a “hold” rating and dropped their price target for the stock from GBX 440 to GBX 430 in a research note on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 430.

Check Out Our Latest Analysis on RCDO

Ricardo Price Performance

The company has a debt-to-equity ratio of 79.36, a quick ratio of 1.57 and a current ratio of 1.86. The stock’s fifty day moving average price is GBX 429.80 and its 200-day moving average price is GBX 411.31. The firm has a market cap of £267.52 million, a PE ratio of 861.72 and a beta of 0.58.

About Ricardo

(Get Free Report)

Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and scarce resources, environmental services together with safe and smart mobility.

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