Ricardo (LON:RCDO) Announces Quarterly Earnings Results

Ricardo (LON:RCDO) announced its quarterly earnings results on Wednesday. The company reported GBX 4.70 ($0.06) EPS for the quarter, Digital Look Earnings reports. Ricardo had a net margin of 0.15% and a return on equity of 0.42%.

Ricardo Price Performance

Shares of LON:RCDO opened at GBX 217 ($2.80) on Friday. The firm has a market capitalization of £133.68 million, a P/E ratio of 191.09 and a beta of 0.58. 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 stock has a 50 day moving average price of GBX 309.57 and a 200-day moving average price of GBX 394.96. Ricardo has a 52-week low of GBX 206 ($2.65) and a 52-week high of GBX 536.22 ($6.91).

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 730 ($9.41) price objective on shares of Ricardo in a research report on Tuesday, December 17th. Shore Capital upgraded Ricardo to a “hold” rating in a research report on Friday, February 7th.

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.