Ricardo (LON:RCDO) Reaches New 12-Month Low – Should You Sell?

Ricardo plc (LON:RCDO)’s share price hit a new 52-week low 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 trading hands. The stock had previously closed at GBX 393 ($4.97).

Analysts Set New Price Targets

A number of research firms have commented on RCDO. Shore Capital reaffirmed a “sell” rating on shares of Ricardo in a report on Thursday, October 24th. Berenberg Bank reissued a “buy” rating and issued a GBX 730 ($9.24) target price on shares of Ricardo in a report on Wednesday, September 11th.

Ricardo Price Performance

The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12. The stock has a market capitalization of £242.62 million, a PE ratio of 38,803.00 and a beta of 0.58. The stock’s 50-day moving average is GBX 435.33 and its 200 day moving average is GBX 474.34.

Ricardo Increases Dividend

The firm 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%. This is an increase from Ricardo’s previous dividend of $3.80. The ex-dividend date of this dividend is Thursday, October 31st. Ricardo’s dividend 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).