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

Ricardo plc (LON:RCDO) was 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). Approximately 4,412,265 shares changed hands during trading, an increase of 849% from the average daily volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.36).

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RCDO shares. 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. Shore Capital reissued a “sell” rating on shares of Ricardo in a research report on Thursday.

Ricardo Stock Performance

The stock has a market capitalization of £156.77 million, a P/E ratio of 25,200.00 and a beta of 0.58. The company’s fifty day simple moving average is GBX 397.61 and its two-hundred day simple moving average is GBX 441.32. 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.