Ricardo (LON:RCDO) Shares Down 25% – Should You Sell?

Ricardo plc (LON:RCDO)’s stock price traded down 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). 4,412,265 shares were traded 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).

Analyst Ratings Changes

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

Ricardo Stock Down 4.5 %

The firm 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 quick ratio of 1.57 and a current ratio of 1.86. The company’s 50-day simple moving average is GBX 397.61 and its two-hundred day simple moving average is GBX 441.32.

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.