Ricardo (LON:RCDO) Share Price Passes Below 200-Day Moving Average of $454.79

Ricardo plc (LON:RCDO) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 454.79 ($5.76) and traded as low as GBX 440 ($5.57). Ricardo shares last traded at GBX 445 ($5.63), with a volume of 483,127 shares.

Wall Street Analysts Forecast Growth

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

Ricardo Trading Down 0.3 %

The firm has a market capitalization of £276.13 million, a price-to-earnings ratio of -44,500.00 and a beta of 0.58. The business’s 50 day moving average price is GBX 432.50 and its 200-day moving average price is GBX 454.79. 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 announced a dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th will be 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 is Thursday, March 14th. Ricardo’s payout ratio is -120,000.00%.

Insider Transactions at Ricardo

In other Ricardo news, insider Judith Cottrell purchased 6,782 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of GBX 439 ($5.56) per share, for a total transaction of £29,772.98 ($37,682.55). Company insiders own 2.57% of the company’s stock.

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).