Ricardo (LON:RCDO) Stock Price Down 25% – Should You Sell?

Ricardo plc (LON:RCDO)’s stock price dropped 25% during mid-day trading on Thursday . The company traded as low as GBX 260 ($3.22) and last traded at GBX 264 ($3.27). Approximately 4,412,265 shares changed 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

Several research firms have recently 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 restated a “sell” rating on shares of Ricardo in a research report on Thursday.

Ricardo Stock Performance

The firm has a fifty day simple moving average of GBX 397.61 and a 200-day simple moving average of GBX 441.32. The stock has a market cap of £156.77 million, a price-to-earnings ratio of 25,200.00 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.