Ricardo (LON:RCDO) Stock Price Down 25% – Here’s What Happened

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

Analysts Set New Price Targets

Several analysts have weighed in on RCDO shares. Berenberg Bank reissued a “buy” rating and set a GBX 730 ($9.07) target price on shares of Ricardo in a research report on Tuesday, December 17th. Shore Capital reissued a “sell” rating on shares of Ricardo in a report on Thursday.

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 stock has a market capitalization of £163.82 million, a PE ratio of 26,334.00 and a beta of 0.58. The firm has a 50 day moving average price of GBX 403.19 and a 200-day moving average price of GBX 444.27.

About Ricardo

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.