Ricardo (LON:RCDO) Trading Down 25% – Here’s What Happened

Ricardo plc (LON:RCDO) shares were down 25% during mid-day trading 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 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 analysts have weighed in on RCDO shares. Shore Capital reissued a “sell” rating on shares of Ricardo in a research note on Thursday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 730 ($9.05) price target on shares of Ricardo in a research report on Tuesday, December 17th.

Ricardo Stock Performance

The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.12. The stock has a market capitalization of £156.77 million, a PE ratio of 25,200.00 and a beta of 0.58. The firm’s fifty day moving average is GBX 397.61 and its 200-day moving average is GBX 441.32.

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.