Ricardo (LON:RCDO) Share Price Passes Above 200 Day Moving Average of $390.13

Ricardo plc (LON:RCDOGet Rating)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 390.13 ($4.78) and traded as high as GBX 412 ($5.05). Ricardo shares last traded at GBX 412 ($5.05), with a volume of 29,776 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 400 ($4.90) price target on shares of Ricardo in a research note on Thursday, May 26th.

Ricardo Price Performance

The company has a quick ratio of 1.78, a current ratio of 1.99 and a debt-to-equity ratio of 63.08. The firm’s 50-day moving average is GBX 376.55 and its 200-day moving average is GBX 390.13. The company has a market cap of £256.34 million and a PE ratio of 3,745.45.

Insider Activity at Ricardo

In related news, insider Graham Ritchie purchased 14,880 shares of Ricardo stock in a transaction that occurred on Friday, May 6th. The shares were bought at an average price of GBX 358 ($4.39) per share, for a total transaction of £53,270.40 ($65,274.35).

Ricardo Company Profile

(Get Rating)

Ricardo plc provides engineering, technical, environmental, and strategic consultancy services for transportation original equipment manufacturers and operators, suppliers, energy companies, and government agencies. It operates through five segments: Energy & Environment (EE), Rail, Automotive and Industrial (A&I), Defense, and Performance Products (PP).

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