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Ricardo (LON:RCDO) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Ricardo logo with Industrials background

Shares of Ricardo plc (LON:RCDO - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 314.04 ($4.25) and traded as low as GBX 253 ($3.42). Ricardo shares last traded at GBX 262 ($3.55), with a volume of 61,663 shares trading hands.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on RCDO

Ricardo Stock Performance

The company has a debt-to-equity ratio of 79.36, a current ratio of 1.86 and a quick ratio of 1.57. The stock has a market capitalization of £168.17 million, a PE ratio of 240.40 and a beta of 0.58. The stock has a 50 day moving average of GBX 250.54 and a two-hundred day moving average of GBX 309.48.

Ricardo (LON:RCDO - Get Free Report) last released 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%. Research analysts expect that Ricardo plc will post 37.7019749 EPS for the current fiscal year.

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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