Ricardo (LON:RCDO) Sets New 52-Week Low – Should You Sell?

Ricardo plc (LON:RCDO) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 384 ($4.70) and last traded at GBX 387 ($4.74), with a volume of 52111 shares changing hands. The stock had previously closed at GBX 395 ($4.83).

Analyst Ratings Changes

A number of analysts have recently weighed in on RCDO shares. Shore Capital reissued a “sell” rating on shares of Ricardo in a research report on Thursday, October 24th. Berenberg Bank reissued a “buy” rating and set a GBX 730 ($8.93) price objective on shares of Ricardo in a report on Tuesday, December 17th.

Ricardo Stock Performance

The company has a fifty day moving average of GBX 413.41 and a two-hundred day moving average of GBX 452.13. The stock has a market capitalization of £250.08 million, a P/E ratio of 40,200.00 and a beta of 0.58. The company has a debt-to-equity ratio of 79.12, a current ratio of 1.86 and a quick ratio of 1.57.

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.