Ricardo (LON:RCDO) Reaches New 52-Week Low – Time to Sell?

Ricardo plc (LON:RCDOGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 385 ($4.87) and last traded at GBX 390 ($4.93), with a volume of 922037 shares traded. The stock had previously closed at GBX 393 ($4.97).

Analyst Upgrades and Downgrades

RCDO has been the subject of a number of recent research reports. Shore Capital restated a “sell” rating on shares of Ricardo in a research report on Thursday, October 24th. Berenberg Bank reiterated a “buy” rating and set a GBX 730 ($9.24) price objective on shares of Ricardo in a report on Wednesday, September 11th.

View Our Latest Stock Report on Ricardo

Ricardo Price Performance

The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.12. The company has a 50 day simple moving average of GBX 435.33 and a 200 day simple moving average of GBX 474.34. The stock has a market cap of £242.62 million, a P/E ratio of 38,803.00 and a beta of 0.58.

Ricardo Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 31st will be paid a dividend of GBX 8.90 ($0.11) per share. This represents a dividend 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 currently 130,000.00%.

About Ricardo

(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).

Further Reading

Receive News & Ratings for Ricardo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ricardo and related companies with MarketBeat.com's FREE daily email newsletter.