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

Ricardo plc (LON:RCDO)’s stock price fell 23.3% during trading on Thursday . The stock traded as low as GBX 264 ($3.29) and last traded at GBX 270 ($3.36). 3,870,426 shares were traded during trading, an increase of 782% from the average session volume of 438,615 shares. The stock had previously closed at GBX 352 ($4.38).

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RCDO shares. Berenberg Bank reiterated a “buy” rating and set a GBX 730 ($9.09) target price on shares of Ricardo in a report on Tuesday, December 17th. Shore Capital reiterated a “sell” rating on shares of Ricardo in a research report on Thursday, October 24th.

Ricardo Stock Down 24.1 %

The company’s fifty day simple moving average is GBX 404.05 and its 200 day simple moving average is GBX 444.94. The firm has a market capitalization of £166.10 million, a P/E ratio of 26,700.00 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.

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.