Ricardo (LON:RCDO) Share Price Passes Below 200-Day Moving Average of $715.62

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Ricardo plc (LON:RCDO) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $715.62 and traded as low as $650.00. Ricardo shares last traded at $656.00, with a volume of 60,901 shares trading hands.

A number of brokerages recently weighed in on RCDO. Liberum Capital reissued a “buy” rating on shares of Ricardo in a research report on Thursday, September 12th. Peel Hunt reissued a “hold” rating and issued a GBX 783 ($10.23) price target on shares of Ricardo in a research report on Monday, July 1st. Finally, Peel Hunt reissued a “hold” rating on shares of Ricardo in a research report on Monday, September 9th.

The business’s fifty day moving average price is GBX 702.46 and its 200 day moving average price is GBX 715.62. The company has a quick ratio of 1.60, a current ratio of 1.85 and a debt-to-equity ratio of 39.60. The firm has a market capitalization of $351.41 million and a PE ratio of 18.74.

The company also recently declared a dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be issued a dividend of GBX 15.28 ($0.20) per share. This is a boost from Ricardo’s previous dividend of $6.00. This represents a yield of 2.36%. The ex-dividend date is Thursday, November 7th. Ricardo’s dividend payout ratio is currently 0.60%.

About Ricardo (LON:RCDO)

Ricardo plc primarily provides engineering, technical, environmental, and strategic consultancy services for transportation original equipment manufacturers and operators, energy companies, financial institutions, and government agencies. The company operates through Technical Consulting and Performance Products segments.

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