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

Ricardo plc (LON:RCDO)’s stock price was down 24.6% on Thursday . The stock traded as low as GBX 263 ($3.27) and last traded at GBX 265.50 ($3.31). Approximately 5,269,562 shares were traded during mid-day trading, an increase of 942% from the average daily volume of 505,545 shares. The stock had previously closed at GBX 352 ($4.38).

Analyst Ratings Changes

A number of research firms recently issued reports on RCDO. Berenberg Bank reissued a “buy” rating and issued a GBX 730 ($9.09) price objective on shares of Ricardo in a 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 business has a 50-day simple moving average of GBX 403.19 and a 200 day simple moving average of 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 firm has a market cap of £164.23 million, a PE 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.