Ricardo (LON:RCDO) Shares Down 25% – Time to Sell?

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Shore Capital reissued a “sell” rating on shares of Ricardo in a research report on Thursday. Berenberg Bank restated a “buy” rating and issued a GBX 730 ($9.07) price target on shares of Ricardo in a research note on Tuesday, December 17th.

Ricardo Stock Down 0.8 %

The firm has a market cap of £162.99 million, a P/E ratio of 26,200.00 and a beta of 0.58. The firm’s fifty day moving average is GBX 403.19 and its 200 day moving average is GBX 444.27. 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.