Ricardo (LON:RCDO) Trading Down 18.2% – Here’s Why

Ricardo plc (LON:RCDO) shares fell 18.2% on Thursday . The stock traded as low as GBX 284 ($3.52) and last traded at GBX 288 ($3.57). 1,221,090 shares were traded during mid-day trading, an increase of 290% from the average session volume of 312,761 shares. The stock had previously closed at GBX 352 ($4.36).

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RCDO. Shore Capital restated a “sell” rating on shares of Ricardo in a research note on Thursday. Berenberg Bank reiterated a “buy” rating and set a GBX 730 ($9.05) price target on shares of Ricardo in a research note on Tuesday, December 17th.

Ricardo Price Performance

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 stock has a market capitalization of £156.77 million, a PE ratio of 25,200.00 and a beta of 0.58. The stock’s 50 day moving average is GBX 400.67 and its two-hundred day moving average is GBX 443.02.

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.