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

Shares of Ricardo plc (LON:RCDO) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 385 ($4.83) and last traded at GBX 390 ($4.89), with a volume of 922037 shares changing hands. The stock had previously closed at GBX 393 ($4.93).

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RCDO shares. Berenberg Bank reissued a “buy” rating and issued a GBX 730 ($9.15) target price on shares of Ricardo in a report on Wednesday, September 11th. Shore Capital reissued a “sell” rating on shares of Ricardo in a report on Thursday, October 24th.

Ricardo Stock Up 3.8 %

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 stock has a market capitalization of £251.95 million, a P/E ratio of 40,500.00 and a beta of 0.58. The stock’s fifty day simple moving average is GBX 432.01 and its two-hundred day simple moving average is GBX 473.37.

Ricardo Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 31st were issued a dividend of GBX 8.90 ($0.11) per share. This represents a yield of 1.72%. This is a positive change from Ricardo’s previous dividend of $3.80. The ex-dividend date of this dividend was Thursday, October 31st. Ricardo’s payout ratio is presently 130,000.00%.

Ricardo Company Profile

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).