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

Shares of Ricardo plc (LON:RCDO) dropped 25% during mid-day 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 traded hands during mid-day trading, an increase of 849% from the average daily volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.37).

Analysts Set New Price Targets

Several research firms have recently commented on RCDO. Shore Capital restated a “sell” rating on shares of Ricardo in a research report on Thursday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 730 ($9.07) price target on shares of Ricardo in a report on Tuesday, December 17th.

Ricardo Price Performance

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 business has a fifty day moving average price of GBX 403.19 and a 200 day moving average price of GBX 444.27. 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.