Ricardo (LON:RCDO) Shares Down 25% – Time to Sell?

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 were traded 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).

Analysts Set New Price Targets

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

Ricardo Price Performance

The company has a market capitalization of £156.77 million, a P/E ratio of 25,200.00 and a beta of 0.58. The business’s 50-day moving average is GBX 397.61 and its two-hundred day moving average is GBX 441.32. The company has a quick ratio of 1.57, a current ratio of 1.86 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.