Ricardo (LON:RCDO) Stock Price Up 1% – Time to Buy?

Ricardo plc (LON:RCDO)’s share price traded up 1% during mid-day trading on Thursday . The company traded as high as GBX 404 ($5.12) and last traded at GBX 399 ($5.06). 24,351 shares were traded during trading, a decline of 81% from the average session volume of 126,071 shares. The stock had previously closed at GBX 395 ($5.01).

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RCDO. Berenberg Bank reiterated a “buy” rating and issued a GBX 730 ($9.25) price objective on shares of Ricardo in a research note on Wednesday, September 11th. Shore Capital reaffirmed a “sell” rating on shares of Ricardo in a research note on Thursday, October 24th.

Ricardo Price Performance

The stock has a market cap of £248.22 million, a P/E ratio of 39,900.00 and a beta of 0.58. The business has a 50 day simple moving average of GBX 418.03 and a 200-day simple moving average of GBX 465.12. The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86.

About Ricardo

Ricardo plc provides environmental, technical, and strategic consultancy services in the United Kingdom, Europe, North America, China, rest of Asia, Australia, and internationally. It operates through Energy and Environment (EE), Rail, Automotive and Industrial (A&I) Emerging, Automotive and Industrial (A&I) Established, Defense, and Performance Products (PP).