Ricardo (LON:RCDO) Shares Down 25% – What’s Next?

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

Wall Street Analyst Weigh In

RCDO has been the subject of several research analyst reports. Berenberg Bank restated 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 reissued a “sell” rating on shares of Ricardo in a report on Thursday.

Ricardo Trading Down 4.5 %

The company has a market cap of £156.77 million, a PE ratio of 25,200.00 and a beta of 0.58. The company’s 50 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 current ratio of 1.86 and a quick ratio of 1.57.

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.