Ricardo (LON:RCDO) Stock Price Down 25% – Here’s Why

Ricardo plc (LON:RCDO) shares fell 25% during mid-day 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 traded 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).

Analyst Upgrades and Downgrades

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

Ricardo Trading Down 4.5 %

The firm has a 50-day simple moving average of GBX 397.61 and a 200-day simple moving average of GBX 441.32. The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12. The stock has a market cap of £156.77 million, a PE ratio of 25,200.00 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.