Ricardo (LON:RCDO) Stock Price Down 23.3% – Here’s Why

Ricardo plc (LON:RCDO)’s share price traded down 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 were traded during mid-day trading, an increase of 781% from the average session volume of 438,369 shares. The stock had previously closed at GBX 352 ($4.38).

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RCDO shares. Berenberg Bank restated a “buy” rating and set a GBX 730 ($9.09) target price on shares of Ricardo in a research report on Tuesday, December 17th. Shore Capital reissued a “sell” rating on shares of Ricardo in a report on Thursday, October 24th.

Ricardo Stock Down 24.1 %

The company’s 50-day simple moving average is GBX 404.05 and its two-hundred day simple moving average is 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. The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86.

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.