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

Ricardo plc (LON:RCDO) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

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

Ricardo Stock Up 1.8 %

The company has a debt-to-equity ratio of 78.74, a quick ratio of 1.57 and a current ratio of 1.92. The company has a market capitalization of £278.75 million, a price-to-earnings ratio of -44,800.00 and a beta of 0.58. The stock’s fifty day simple moving average is GBX 434.54 and its two-hundred day simple moving average is GBX 452.93.

Ricardo Cuts Dividend

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

Insider Buying and Selling

In other news, insider Judith Cottrell acquired 6,782 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of GBX 439 ($5.46) per share, with a total value of £29,772.98 ($37,063.34). Company insiders own 2.57% 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).