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

Ricardo plc (LON:RCDO)’s stock price traded down 23.9% during mid-day trading on Thursday . The company traded as low as GBX 264 ($3.27) and last traded at GBX 268 ($3.32). 4,226,869 shares were traded during mid-day trading, an increase of 827% from the average session volume of 455,893 shares. The stock had previously closed at GBX 352 ($4.36).

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RCDO shares. Shore Capital reiterated a “sell” rating on shares of Ricardo in a report on Thursday. Berenberg Bank reiterated a “buy” rating and issued a GBX 730 ($9.05) price target on shares of Ricardo in a research report on Tuesday, December 17th.

Ricardo Stock Down 4.5 %

The stock has a 50 day moving average of GBX 400.67 and a 200 day moving average of GBX 443.02. The firm has a market capitalization of £156.77 million, a price-to-earnings ratio of 25,200.00 and a beta of 0.58. The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12.

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.