Ricardo (LON:RCDO) Shares Down 24.6% – Here’s What Happened

Ricardo plc (LON:RCDO) fell 24.6% during trading on Thursday . The stock traded as low as GBX 263 ($3.26) and last traded at GBX 265.37 ($3.29). 5,355,946 shares changed hands during trading, an increase of 951% from the average session volume of 509,659 shares. The stock had previously closed at GBX 352 ($4.36).

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Shore Capital reissued a “sell” rating on shares of Ricardo in a report on Thursday. Berenberg Bank reissued a “buy” rating and set a GBX 730 ($9.05) price objective on shares of Ricardo in a research report on Tuesday, December 17th.

Ricardo Trading Down 4.5 %

The stock has a 50-day moving average price of GBX 397.61 and a two-hundred day moving average price of GBX 441.32. The stock has a market capitalization of £156.77 million, a PE ratio of 25,200.00 and a beta of 0.58. The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86.

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.