Ricardo (LON:RCDO) Trading Down 25% – Time to Sell?

Ricardo plc (LON:RCDO) shares fell 25% during mid-day trading on Thursday . The company traded as low as GBX 260 ($3.24) and last traded at GBX 264 ($3.29). 4,412,265 shares traded hands during trading, an increase of 849% from the average session volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.38).

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RCDO shares. Berenberg Bank restated a “buy” rating and set a GBX 730 ($9.09) price objective on shares of Ricardo in a report on Tuesday, December 17th. Shore Capital reiterated a “sell” rating on shares of Ricardo in a research note on Thursday.

Ricardo Stock Performance

The firm has a market capitalization of £164.23 million, a PE ratio of 26,400.00 and a beta of 0.58. The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86. The business’s fifty day simple moving average is GBX 403.19 and its 200-day simple moving average is 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.