Ricardo (LON:RCDO) Stock Price Down 24.6% – Here’s Why

Shares of Ricardo plc (LON:RCDO) traded down 24.6% during trading on Thursday . The stock traded as low as GBX 263 ($3.27) and last traded at GBX 265.37 ($3.30). 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 ($4.38).

Analyst Ratings Changes

RCDO has been the topic of a number of recent analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 730 ($9.09) price target on shares of Ricardo in a report on Tuesday, December 17th. Shore Capital restated a “sell” rating on shares of Ricardo in a research note on Thursday.

Ricardo Stock Down 25.0 %

The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.12. The company has a market capitalization of £164.23 million, a price-to-earnings ratio of 26,400.00 and a beta of 0.58. The company has a 50-day moving average of GBX 403.19 and a 200-day moving average of GBX 444.27.

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.