Ricardo (LON:RCDO) Trading Down 25% – Should You Sell?

Ricardo plc (LON:RCDO) shares traded down 25% on Thursday . The stock traded as low as GBX 260 ($3.24) and last traded at GBX 264 ($3.29). 4,412,265 shares changed hands during trading, an increase of 849% from the average session volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.38).

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RCDO. Shore Capital reaffirmed a “sell” rating on shares of Ricardo in a research report on Thursday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 730 ($9.09) price objective on shares of Ricardo in a report on Tuesday, December 17th.

Ricardo Price Performance

The business’s fifty day simple moving average is GBX 403.19 and its 200-day simple moving average is GBX 444.27. The firm has a market cap of £164.23 million, a P/E ratio of 26,400.00 and a beta of 0.58. The company has a current ratio of 1.86, a quick ratio of 1.57 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.