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Ricardo (LON:RCDO) Stock Crosses Below 200-Day Moving Average - What's Next?

Ricardo logo with Industrials background

Shares of Ricardo plc (LON:RCDO - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 314.04 ($4.21) and traded as low as GBX 253 ($3.39). Ricardo shares last traded at GBX 262 ($3.51), with a volume of 61,663 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital raised Ricardo to a "hold" rating in a report on Friday, February 7th.

View Our Latest Stock Analysis on Ricardo

Ricardo Stock Up 1.1%

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 company has a fifty day simple moving average of GBX 248.81 and a 200 day simple moving average of GBX 313.68. The firm has a market capitalization of £163.24 million, a P/E ratio of 233.36 and a beta of 0.58.

Ricardo (LON:RCDO - Get Free Report) last released its earnings results 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, equities analysts expect that Ricardo plc will post 37.7019749 EPS for the current fiscal year.

About Ricardo

(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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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