Ricardo (LON:RCDO) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Ricardo plc (LON:RCDO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 423.07 and traded as high as GBX 434. Ricardo shares last traded at GBX 430, with a volume of 63,593 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered Ricardo to a “hold” rating and dropped their price target for the company from GBX 440 to GBX 430 in a research report on Tuesday, September 2nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 430.

Ricardo Price Performance

The company has a debt-to-equity ratio of 79.36, a quick ratio of 1.57 and a current ratio of 1.86. The business’s 50 day simple moving average is GBX 430 and its 200-day simple moving average is GBX 424.04. The stock has a market capitalization of £267.52 million, a price-to-earnings ratio of 861.72 and a beta of 0.58.

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. Our global team of consultants, environmental specialists, engineers and scientists support our customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world.