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

Ricardo plc (LON:RCDO)’s share price traded down 25% during trading on Thursday . The stock 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).

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 730 ($9.09) price objective on shares of Ricardo in a report on Tuesday, December 17th. Shore Capital reissued a “sell” rating on shares of Ricardo in a research report on Thursday.

Ricardo Trading Down 25.0 %

The company 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 current ratio of 1.86 and a quick ratio of 1.57. The company’s fifty day moving average is GBX 403.19 and its 200-day moving average is 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.