Ricardo (LON:RCDO) Shares Down 25% – Time to Sell?

Ricardo plc (LON:RCDO) traded down 25% during trading on Thursday . The stock traded as low as GBX 260 ($3.22) and last traded at GBX 264 ($3.27). 4,412,265 shares were traded 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).

Analyst Upgrades and Downgrades

RCDO has been the topic of several recent analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 730 ($9.05) target price on shares of Ricardo in a research report on Tuesday, December 17th. Shore Capital reaffirmed a “sell” rating on shares of Ricardo in a research note on Thursday.

Ricardo Price Performance

The company has a 50-day moving average of GBX 397.61 and a 200-day moving average of GBX 441.32. The stock has a market capitalization of £156.77 million, a price-to-earnings 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.

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.