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

Ricardo plc (LON:RCDO)’s stock price was down 25% during trading on Thursday . The company traded as low as GBX 260 ($3.23) and last traded at GBX 264 ($3.28). 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 ($4.37).

Analyst Ratings Changes

RCDO has been the subject of several research reports. Shore Capital reiterated a “sell” rating on shares of Ricardo in a research note on Thursday. Berenberg Bank reissued a “buy” rating and issued a GBX 730 ($9.07) price objective on shares of Ricardo in a research note on Tuesday, December 17th.

Ricardo Price Performance

The stock 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 quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12. The stock has a fifty day moving average of GBX 403.19 and a 200-day moving average of GBX 444.27.

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.