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

Shares of Ricardo plc (LON:RCDO) passed 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 trading hands.

Analyst Ratings Changes

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

Ricardo Stock Performance

The firm has a market capitalization of £290.57 million, a price-to-earnings ratio of -46,700.00 and a beta of 0.57. The firm has a 50 day moving average price of GBX 444.32 and a 200-day moving average price of GBX 451.80. 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 business also recently declared 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 of this dividend was Thursday, March 14th. Ricardo’s dividend payout ratio is currently -120,000.00%.

Insider Transactions at Ricardo

In other news, insider Judith Cottrell acquired 6,782 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of GBX 439 ($5.52) per share, with a total value of £29,772.98 ($37,403.24). Corporate insiders own 2.48% of the company’s stock.

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).