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

Ricardo plc (LON:RCDO) fell 25% on Thursday . The company traded as low as GBX 260 ($3.23) and last traded at GBX 264 ($3.28). 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 ($4.37).

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RCDO shares. Shore Capital reiterated a “sell” rating on shares of Ricardo in a report on Thursday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 730 ($9.07) price objective on shares of Ricardo in a research report on Tuesday, December 17th.

Ricardo Stock Down 25.0 %

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 business has a 50 day simple moving average of GBX 403.19 and a 200 day simple moving average of GBX 444.27. The stock has a market cap of £164.23 million, a PE ratio of 26,400.00 and a beta of 0.58.

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.