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

Shares of Ricardo plc (LON:RCDO) traded down 23.3% during trading on Thursday . The company traded as low as GBX 264 ($3.29) and last traded at GBX 270 ($3.36). 3,870,426 shares changed hands during mid-day trading, an increase of 782% from the average session volume of 438,615 shares. The stock had previously closed at GBX 352 ($4.38).

Wall Street Analyst Weigh In

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

Ricardo Price Performance

The firm has a market capitalization of £166.10 million, a P/E ratio of 26,700.00 and a beta of 0.58. The business’s 50-day simple moving average is GBX 404.05 and its 200 day simple moving average is GBX 444.94. The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12.

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.