Ricardo (LON:RCDO) Trading Down 24.6% – Here’s Why

Ricardo plc (LON:RCDO) was down 24.6% during trading on Thursday . The company traded as low as GBX 263 ($3.26) and last traded at GBX 265.50 ($3.29). Approximately 5,269,562 shares changed hands during trading, an increase of 942% from the average daily volume of 505,545 shares. The stock had previously closed at GBX 352 ($4.36).

Analyst Upgrades and Downgrades

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

Ricardo Price Performance

The firm has a 50 day moving average of GBX 397.61 and a 200-day moving average of GBX 441.32. 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 company has a market cap of £156.77 million, a P/E ratio of 25,200.00 and a beta of 0.58.

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.