Ricardo (LON:RCDO) Share Price Passes Below 200-Day Moving Average – Here’s Why

Ricardo plc (LON:RCDO)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 362.45 ($4.68) and traded as low as GBX 250 ($3.23). Ricardo shares last traded at GBX 251 ($3.24), with a volume of 493,306 shares.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RCDO. Shore Capital upgraded shares of Ricardo to a “hold” rating in a report on Friday, February 7th. Berenberg Bank reissued a “buy” rating and issued a GBX 730 ($9.43) price target on shares of Ricardo in a research note on Tuesday, December 17th.

Ricardo Stock Performance

The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.36. The firm has a 50-day moving average price of GBX 251.35 and a 200 day moving average price of GBX 362.45. The firm has a market capitalization of £154.62 million, a PE ratio of 221.03 and a beta of 0.58.

Ricardo (LON:RCDO) last posted its earnings results on Wednesday, March 5th. The company reported GBX 4.70 ($0.06) earnings per share (EPS) for the quarter. Ricardo had a return on equity of 0.42% and a net margin of 0.15%. Research analysts expect that Ricardo plc will post 37.7019749 earnings per share for the current year.

About Ricardo

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.