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Ricardo (LON:RCDO) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Ricardo logo with Industrials background

Key Points

  • Ricardo plc's stock recently crossed above its 200-day moving average, trading at GBX 423.30 ($5.65) after reaching a high of GBX 425 ($5.68).
  • The company has a market capitalization of £260.64 million and a significantly high price-to-earnings ratio of 372.58.
  • Ricardo plc is a global consulting company specializing in engineering, environmental services, and energy transition, employing nearly 3,000 people across more than 20 countries.
  • Want stock alerts on Ricardo? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Ricardo plc (LON:RCDO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 304.67 ($4.10) and traded as high as GBX 425 ($5.72). Ricardo shares last traded at GBX 423.30 ($5.69), with a volume of 6,657,377 shares.

Ricardo Stock Performance

The stock has a market capitalization of £261.19 million, a PE ratio of 373.38 and a beta of 0.58. The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.36. The firm has a 50 day moving average price of GBX 410.79 and a 200-day moving average price of GBX 306.02.

Ricardo Company Profile

(Get Free Report)

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.

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