Ricardo (LON:RCDO) Sets New 52-Week Low – Should You Sell?

by · The Cerbat Gem

Shares of Ricardo plc (LON:RCDO – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 386.51 ($5.02) and last traded at GBX 408 ($5.30), with a volume of 563568 shares trading hands. The stock had previously closed at GBX 413 ($5.36).

Wall Street Analyst Weigh In

A number of research firms have weighed in on RCDO. Shore Capital restated a “hold” rating on shares of Ricardo in a report on Wednesday, September 11th. Berenberg Bank reiterated a “buy” rating and issued a GBX 730 ($9.48) target price on shares of Ricardo in a research note on Wednesday, September 11th.

Read Our Latest Analysis on Ricardo

Ricardo Trading Down 1.2 %

The firm has a market cap of £253.82 million, a PE ratio of 41,300.00 and a beta of 0.58. The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86. The company has a 50 day simple moving average of GBX 468.75 and a two-hundred day simple moving average of GBX 478.11.

Ricardo Increases Dividend

The firm also recently declared 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 ($0.12) per share. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Ricardo’s previous dividend of $3.80. This represents a yield of 1.72%. Ricardo’s dividend payout ratio (DPR) is currently 130,000.00%.

Ricardo Company Profile

(Get Free Report)

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).

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