Ricardo (LON:RCDO) Trading Down 25% – Here’s What Happened

Ricardo plc (LON:RCDO) was down 25% on Thursday . The stock traded as low as GBX 260 ($3.22) and last traded at GBX 264 ($3.27). 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 ($4.36).

Wall Street Analysts Forecast Growth

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

Ricardo Price Performance

The stock has a market cap of £156.77 million, a P/E ratio of 25,200.00 and a beta of 0.58. The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12. The firm’s fifty day moving average price is GBX 397.61 and its 200-day moving average price is GBX 441.32.

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.