Ricardo (LON:RCDO) Hits New 12-Month Low – Should You Sell?

Shares of Ricardo plc (LON:RCDO) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 382 ($4.72) and last traded at GBX 382 ($4.72), with a volume of 45522 shares changing hands. The stock had previously closed at GBX 388 ($4.79).

Analyst Ratings Changes

RCDO has been the topic of several analyst reports. Shore Capital restated a “sell” rating on shares of Ricardo in a report on Thursday, October 24th. Berenberg Bank restated a “buy” rating and issued a GBX 730 ($9.02) target price on shares of Ricardo in a research note on Tuesday, December 17th.

Ricardo Trading Up 0.5 %

The stock has a market capitalization of £227.69 million, a PE ratio of 36,600.00 and a beta of 0.58. The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.12. The firm has a 50-day moving average price of GBX 409.22 and a 200-day moving average price of GBX 448.96.

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.