Ricardo (LON:RCDO) Trading Down 18.2% – What’s Next?

Ricardo plc (LON:RCDO) was down 18.2% during mid-day trading on Thursday . The company traded as low as GBX 284 ($3.52) and last traded at GBX 288 ($3.57). Approximately 1,221,090 shares were traded during trading, an increase of 290% from the average daily volume of 312,761 shares. The stock had previously closed at GBX 352 ($4.36).

Wall Street Analysts Forecast Growth

RCDO has been the subject of several recent analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 730 ($9.05) target price on shares of Ricardo in a research note on Tuesday, December 17th. Shore Capital reissued a “sell” rating on shares of Ricardo in a research report on Thursday.

Ricardo Trading Down 4.5 %

The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12. The stock has a market cap of £156.77 million, a price-to-earnings ratio of 25,200.00 and a beta of 0.58. The company’s fifty day moving average is GBX 400.67 and its two-hundred day moving average is GBX 443.02.

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.