Ricardo (LON:RCDO) Stock Price Down 25% – Should You Sell?

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 730 ($9.07) price objective on shares of Ricardo in a research report on Tuesday, December 17th. Shore Capital restated a “sell” rating on shares of Ricardo in a research report on Thursday.

Ricardo Stock Performance

The company has a market capitalization of £164.23 million, a PE ratio of 26,400.00 and a beta of 0.58. The stock has a 50-day simple moving average of GBX 403.19 and a 200 day simple moving average of GBX 444.27. The company has a debt-to-equity ratio of 79.12, a current ratio of 1.86 and a quick ratio of 1.57.

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.