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

Ricardo plc (LON:RCDO) fell 25% on Thursday . The stock traded as low as GBX 260 ($3.23) and last traded at GBX 264 ($3.28). 4,412,265 shares were traded 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 ($4.37).

Wall Street Analyst Weigh In

Several research firms recently commented on RCDO. Berenberg Bank restated a “buy” rating and issued a GBX 730 ($9.07) price target on shares of Ricardo in a report on Tuesday, December 17th. Shore Capital reissued a “sell” rating on shares of Ricardo in a research note on Thursday.

Ricardo Price Performance

The company’s 50-day simple moving average is GBX 403.19 and its 200-day simple moving average is GBX 444.27. 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 company has a market cap of £164.23 million, a price-to-earnings ratio of 26,400.00 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.