Ricardo (LON:RCDO) Trading Down 25% – What’s Next?

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RCDO. Shore Capital reiterated a “sell” rating on shares of Ricardo in a research note on Thursday. Berenberg Bank reissued a “buy” rating and issued a GBX 730 ($9.07) price objective on shares of Ricardo in a research note on Tuesday, December 17th.

Ricardo Trading Down 25.0 %

The firm has a market cap of £164.23 million, a price-to-earnings ratio of 26,400.00 and a beta of 0.58. The business has a 50 day moving average of GBX 403.19 and a 200 day moving average of GBX 444.27. The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12.

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.