Ricardo (LON:RCDO) Stock Price Crosses Above 200 Day Moving Average of $452.22

Ricardo plc (LON:RCDO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 452.22 ($5.59) and traded as high as GBX 473 ($5.84). Ricardo shares last traded at GBX 450 ($5.56), with a volume of 97,659 shares changing hands.

Wall Street Analysts Forecast Growth

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

Ricardo Stock Down 0.4 %

The company has a market cap of £278.75 million, a PE ratio of -44,800.00 and a beta of 0.58. The company has a quick ratio of 1.57, a current ratio of 1.92 and a debt-to-equity ratio of 78.74. The firm’s fifty day simple moving average is GBX 439.12 and its 200-day simple moving average is GBX 452.15.

Ricardo Cuts Dividend

The firm also recently declared 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 of this dividend was Thursday, March 14th. Ricardo’s dividend payout ratio (DPR) is presently -120,000.00%.

Insider Buying and Selling at Ricardo

In other news, insider Judith Cottrell acquired 6,782 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of GBX 439 ($5.42) per share, with a total value of £29,772.98 ($36,774.93). 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).