Ricardo (LON:RCDO) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Ricardo plc (LON:RCDO) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 475.41 ($6.03) and traded as low as GBX 426 ($5.40). Ricardo shares last traded at GBX 430 ($5.45), with a volume of 69,092 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Berenberg Bank reissued a “buy” rating and set a GBX 730 ($9.25) price target on shares of Ricardo in a research report on Wednesday, September 11th. Shore Capital reaffirmed a “sell” rating on shares of Ricardo in a research note on Thursday, October 24th.

Ricardo Trading Up 0.5 %

The stock has a market capitalization of £268.82 million, a P/E ratio of 43,000.00 and a beta of 0.58. The stock’s 50 day moving average price is GBX 441.15 and its 200-day moving average price is GBX 475.41. The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12.

Ricardo Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 31st will be given a dividend of GBX 8.90 ($0.11) per share. This represents a yield of 1.72%. The ex-dividend date is Thursday, October 31st. This is a boost from Ricardo’s previous dividend of $3.80. Ricardo’s dividend payout ratio (DPR) is 130,000.00%.

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).