Ricardo (LON:RCDO) Trading Down 23.3% – Should You Sell?

Ricardo plc (LON:RCDO)’s stock price fell 23.3% during mid-day trading on Thursday . The company traded as low as GBX 264 ($3.29) and last traded at GBX 270 ($3.36). 3,864,021 shares changed hands during trading, an increase of 781% from the average session volume of 438,369 shares. The stock had previously closed at GBX 352 ($4.38).

Analyst Upgrades and Downgrades

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

Ricardo Trading Down 24.1 %

The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86. The stock has a 50-day simple moving average of GBX 404.05 and a two-hundred day simple moving average of GBX 444.94. The firm has a market cap of £166.10 million, a PE ratio of 26,700.00 and a beta of 0.58.

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.