Ricardo (LON:RCDO) Sets New 12-Month Low – Here’s Why

Ricardo plc (LON:RCDO) hit a new 52-week low on Tuesday . The stock traded as low as GBX 382 ($4.71) and last traded at GBX 382 ($4.71), with a volume of 45522 shares traded. The stock had previously closed at GBX 388 ($4.78).

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RCDO shares. Shore Capital restated a “sell” rating on shares of Ricardo in a research report on Thursday, October 24th. Berenberg Bank restated a “buy” rating and set a GBX 730 ($9.00) price target on shares of Ricardo in a report on Tuesday, December 17th.

Ricardo Stock Down 1.5 %

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 company’s fifty day moving average price is GBX 411.41 and its 200-day moving average price is GBX 450.32. The stock has a market cap of £237.64 million, a P/E ratio of 38,200.00 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.