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

Shares of Ricardo plc (LON:RCDO) 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 trading, an increase of 849% from the average daily volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.36).

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Shore Capital reissued a “sell” rating on shares of Ricardo in a research note on Thursday. Berenberg Bank restated a “buy” rating and issued a GBX 730 ($9.05) price target on shares of Ricardo in a report on Tuesday, December 17th.

Ricardo Trading Down 4.5 %

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

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.