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

Ricardo plc (LON:RCDO) dropped 25% during mid-day trading on Thursday . The company traded as low as GBX 260 ($3.22) and last traded at GBX 264 ($3.27). Approximately 4,412,265 shares changed 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 ($4.36).

Analysts Set New Price Targets

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

Ricardo Stock Down 4.5 %

The stock has a market capitalization 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 business’s fifty day moving average price is GBX 397.61 and its two-hundred day moving average price 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.