Ricardo (LON:RCDO) Trading Down 25% – Time to Sell?

Ricardo plc (LON:RCDO)’s share price dropped 25% on Thursday . The stock traded as low as GBX 260 ($3.23) and last traded at GBX 264 ($3.28). Approximately 4,412,265 shares traded hands during mid-day trading, an increase of 849% from the average daily volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.37).

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 730 ($9.07) price target on shares of Ricardo in a report on Tuesday, December 17th. Shore Capital reaffirmed a “sell” rating on shares of Ricardo in a research note on Thursday.

Ricardo Trading Down 25.0 %

The firm has a market cap of £164.23 million, a price-to-earnings ratio of 26,400.00 and a beta of 0.58. The company’s 50-day moving average price is GBX 403.19 and its 200-day moving average price is GBX 444.27. The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12.

Ricardo Company Profile

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.