Ricardo (LON:RCDO) Share Price Crosses Above Two Hundred Day Moving Average of $452.93

Ricardo plc (LON:RCDO) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 452.93 ($5.64) and traded as high as GBX 454.72 ($5.66). Ricardo shares last traded at GBX 448 ($5.58), with a volume of 18,948 shares changing hands.

Analysts Set New Price Targets

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

Ricardo Trading Up 1.1 %

The business has a fifty day moving average price of GBX 434.78 and a 200 day moving average price of GBX 452.91. The firm has a market cap of £283.10 million, a PE ratio of -44,700.00 and a beta of 0.58. The company has a current ratio of 1.92, a quick ratio of 1.57 and a debt-to-equity ratio of 78.74.

Ricardo Cuts Dividend

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

Insider Buying and Selling

In other news, insider Judith Cottrell purchased 6,782 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of GBX 439 ($5.46) per share, for a total transaction of £29,772.98 ($37,063.34). 2.57% of the stock is currently owned by company insiders.

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).