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

Shares of Ricardo plc (LON:RCDO) fell 25% during trading on Thursday . The stock traded as low as GBX 260 ($3.22) and last traded at GBX 264 ($3.27). 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 ($4.36).

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Shore Capital reiterated a “sell” rating on shares of Ricardo in a report on Thursday. Berenberg Bank reiterated a “buy” rating and set a GBX 730 ($9.05) price objective on shares of Ricardo in a research note on Tuesday, December 17th.

Ricardo Trading Down 4.5 %

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 company has a market cap of £156.77 million, a price-to-earnings ratio of 25,200.00 and a beta of 0.58. The company’s fifty day moving average is GBX 397.61 and its two-hundred day moving average is 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.