Ricardo (LON:RCDO) Stock Price Down 23.9% – Time to Sell?

Ricardo plc (LON:RCDO)’s stock price traded down 23.9% during mid-day trading on Thursday . The stock traded as low as GBX 264 ($3.29) and last traded at GBX 268 ($3.34). 4,226,869 shares traded hands 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 ($4.38).

Wall Street Analyst Weigh In

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

Ricardo Stock Performance

The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12. The business has a 50 day moving average price of GBX 404.05 and a 200 day moving average price of GBX 444.94. The stock has a market cap of £166.72 million, a P/E ratio of 26,800.00 and a beta of 0.58.

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.