Ricardo (LON:RCDO) Trading Down 24.6% – Here’s What Happened

Ricardo plc (LON:RCDO) shares traded down 24.6% on Thursday . The stock traded as low as GBX 263 ($3.26) and last traded at GBX 265.50 ($3.29). 5,269,562 shares were traded during trading, an increase of 942% from the average session volume of 505,545 shares. The stock had previously closed at GBX 352 ($4.36).

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RCDO. Berenberg Bank restated a “buy” rating and issued a GBX 730 ($9.05) price objective on shares of Ricardo in a research report on Tuesday, December 17th. Shore Capital restated a “sell” rating on shares of Ricardo in a report on Thursday.

Ricardo Stock Down 4.5 %

The stock has a market cap of £156.77 million, a PE ratio of 25,200.00 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 has a 50 day moving average price of GBX 397.61 and a two-hundred day moving average price of GBX 441.32.

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.