Ricardo (LON:RCDO) Trading Down 23.9% – What’s Next?

Shares of Ricardo plc (LON:RCDO) were down 23.9% during mid-day trading on Thursday . The stock traded as low as GBX 264 ($3.27) and last traded at GBX 268 ($3.32). Approximately 4,226,869 shares were traded during trading, an increase of 827% from the average daily volume of 455,893 shares. The stock had previously closed at GBX 352 ($4.36).

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RCDO shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 730 ($9.05) price objective on shares of Ricardo in a research note on Tuesday, December 17th. Shore Capital reissued a “sell” rating on shares of Ricardo in a report on Thursday.

Ricardo Price Performance

The firm has a market cap of £156.77 million, a P/E ratio of 25,200.00 and a beta of 0.58. The business’s fifty day simple moving average is GBX 400.67 and its 200-day simple moving average is GBX 443.02. The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.12.

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.