Ricardo (LON:RCDO) Shares Cross Below 200-Day Moving Average – Time to Sell?

Ricardo plc (LON:RCDO)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 362.45 ($4.71) and traded as low as GBX 250 ($3.25). Ricardo shares last traded at GBX 251 ($3.26), with a volume of 493,306 shares trading hands.

Wall Street Analyst Weigh In

RCDO has been the subject of several recent research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 730 ($9.48) price objective on shares of Ricardo in a research report on Tuesday, December 17th. Shore Capital raised Ricardo to a “hold” rating in a research note on Friday, February 7th.

Ricardo Price Performance

The company has a market cap of £158.93 million, a PE ratio of 227.20 and a beta of 0.58. The business has a 50 day moving average of GBX 248.81 and a 200 day moving average of GBX 360.90. The company has a debt-to-equity ratio of 79.36, a current ratio of 1.86 and a quick ratio of 1.57.

Ricardo (LON:RCDO) 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%. As a group, research analysts predict that Ricardo plc will post 37.7019749 EPS for the current year.

About Ricardo

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.