Ricardo (LON:RCDO) Trading Down 18.2% – Time to Sell?

Ricardo plc (LON:RCDO)’s share price dropped 18.2% on Thursday . The stock traded as low as GBX 284 ($3.54) and last traded at GBX 288 ($3.59). Approximately 1,221,090 shares were traded during trading, an increase of 290% from the average daily volume of 312,761 shares. The stock had previously closed at GBX 352 ($4.38).

Analyst Upgrades and Downgrades

RCDO has been the subject of several research analyst reports. Shore Capital reaffirmed a “sell” rating on shares of Ricardo in a research note on Thursday, October 24th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 730 ($9.09) price target on shares of Ricardo in a research note on Tuesday, December 17th.

Ricardo Stock Down 19.0 %

The company has a market cap of £177.30 million, a P/E ratio of 28,500.00 and a beta of 0.58. The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12. The business’s 50 day moving average is GBX 404.05 and its 200 day moving average is GBX 444.94.

About Ricardo

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.