Ricardo (LON:RCDO) Stock Price Down 25% – Should You Sell?

Ricardo plc (LON:RCDO) traded down 25% on Thursday . The company traded as low as GBX 260 ($3.22) and last traded at GBX 264 ($3.27). 4,412,265 shares changed hands during trading, an increase of 849% from the average session volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.36).

Analysts Set New Price Targets

Several research firms have recently commented on RCDO. Shore Capital reiterated a “sell” rating on shares of Ricardo in a report on Thursday. Berenberg Bank reiterated a “buy” rating and issued a GBX 730 ($9.05) target price on shares of Ricardo in a report on Tuesday, December 17th.

Ricardo Trading Down 4.5 %

The company has a 50 day moving average price of GBX 397.61 and a 200 day moving average price of GBX 441.32. The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86. The firm has a market cap of £156.77 million, a price-to-earnings ratio of 25,200.00 and a beta of 0.58.

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.