Ricardo (LON:RCDO) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Ricardo plc (LON:RCDO)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 417 and traded as high as GBX 434. Ricardo shares last traded at GBX 430, with a volume of 63,593 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered shares of Ricardo to a “hold” rating and cut their price target for the company from GBX 440 to GBX 430 in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Ricardo currently has a consensus rating of “Hold” and a consensus target price of GBX 430.

Ricardo Price Performance

The company has a debt-to-equity ratio of 79.36, a current ratio of 1.86 and a quick ratio of 1.57. The stock has a fifty day moving average of GBX 429.94 and a 200 day moving average of GBX 418.98. The stock has a market cap of £267.52 million, a price-to-earnings ratio of 861.72 and a beta of 0.58.

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.