Ricardo (LON:RCDO) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Ricardo plc (LON:RCDO) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 362.45 ($4.68) and traded as low as GBX 250 ($3.23). Ricardo shares last traded at GBX 251 ($3.24), with a volume of 493,306 shares changing hands.

Analysts Set New Price Targets

Several analysts recently commented on RCDO shares. Shore Capital upgraded Ricardo to a “hold” rating in a research report on Friday, February 7th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 730 ($9.43) target price on shares of Ricardo in a research note on Tuesday, December 17th.

Ricardo Price Performance

The firm has a market capitalization of £154.62 million, a PE ratio of 221.03 and a beta of 0.58. The stock’s 50 day simple moving average is GBX 251.35 and its two-hundred day simple moving average is GBX 362.45. The company has a debt-to-equity ratio of 79.36, a quick ratio of 1.57 and a current ratio of 1.86.

Ricardo (LON:RCDO) last announced its quarterly earnings data on Wednesday, March 5th. The company reported GBX 4.70 ($0.06) EPS for the quarter. Ricardo had a return on equity of 0.42% and a net margin of 0.15%. On average, sell-side analysts forecast that Ricardo plc will post 37.7019749 EPS for the current year.

Ricardo Company Profile

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.