Ricardo (LON:RCDO) Trading Down 25% – What’s Next?

Shares of Ricardo plc (LON:RCDO) traded down 25% during mid-day trading 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 mid-day trading, an increase of 849% from the average session volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.36).

Wall Street Analysts Forecast Growth

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

Ricardo Stock Down 4.5 %

The company has a debt-to-equity ratio of 79.12, a current ratio of 1.86 and a quick ratio of 1.57. The firm has a market capitalization of £156.77 million, a P/E ratio of 25,200.00 and a beta of 0.58. The firm’s fifty day moving average price is GBX 397.61 and its 200-day moving average price is GBX 441.32.

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.