Ricardo (LON:RCDO) Shares Down 23.9% – Should You Sell?

Ricardo plc (LON:RCDO)’s stock price dropped 23.9% during mid-day trading on Thursday . The company traded as low as GBX 264 ($3.29) and last traded at GBX 268 ($3.34). Approximately 4,226,869 shares were traded during trading, an increase of 827% from the average daily volume of 455,893 shares. The stock had previously closed at GBX 352 ($4.38).

Analyst Upgrades and Downgrades

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

Ricardo Price Performance

The business’s 50 day moving average is GBX 403.19 and its two-hundred day moving average is GBX 444.27. The firm has a market capitalization of £164.23 million, a PE ratio of 26,400.00 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.

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.