Ricardo (LON:RCDO) Shares Down 23.3% – What’s Next?

Ricardo plc (LON:RCDO) shares dropped 23.3% on Thursday . The company traded as low as GBX 264 ($3.27) and last traded at GBX 270 ($3.35). Approximately 3,870,426 shares changed hands during trading, an increase of 782% from the average daily volume of 438,615 shares. The stock had previously closed at GBX 352 ($4.36).

Analyst Ratings Changes

A number of brokerages have issued reports on RCDO. Shore Capital reaffirmed a “sell” rating on shares of Ricardo in a research report on Thursday. Berenberg Bank restated a “buy” rating and issued a GBX 730 ($9.05) target price on shares of Ricardo in a research note on Tuesday, December 17th.

Ricardo Trading Down 4.5 %

The stock has a market capitalization of £156.77 million, a PE ratio of 25,200.00 and a beta of 0.58. The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.12. The firm has a 50-day moving average price of GBX 400.67 and a 200-day moving average price of GBX 443.02.

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.