Ricardo (LON:RCDO) Stock Price Down 25% – What’s Next?

Shares of Ricardo plc (LON:RCDO) fell 25% during trading on Friday . The company traded as low as GBX 260 ($3.23) and last traded at GBX 264 ($3.28). 4,412,265 shares changed hands during mid-day trading, an increase of 849% from the average session volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.37).

Wall Street Analyst Weigh In

Several research firms recently weighed in on RCDO. Berenberg Bank reaffirmed a “buy” rating and set a GBX 730 ($9.07) price objective on shares of Ricardo in a research report on Tuesday, December 17th. Shore Capital reaffirmed a “sell” rating on shares of Ricardo in a report on Thursday.

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 company has a market cap of £162.99 million, a price-to-earnings ratio of 26,200.00 and a beta of 0.58. The business has a fifty day moving average price of GBX 403.19 and a 200 day moving average price of GBX 444.27.

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.