Ricardo (LON:RCDO) Trading Down 23.9% – Here’s What Happened

by · The Markets Daily

Ricardo plc (LON:RCDO – Get Free Report) fell 23.9% during trading on Thursday . The stock traded as low as GBX 264 ($3.27) and last traded at GBX 268 ($3.32). 4,226,869 shares changed hands during trading, an increase of 827% from the average session volume of 455,893 shares. The stock had previously closed at GBX 352 ($4.36).

Analyst Upgrades and Downgrades

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

Read Our Latest Research Report on Ricardo

Ricardo Price Performance

The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.12. The business has a fifty day simple moving average of GBX 400.67 and a 200 day simple moving average of GBX 443.02. The stock has a market capitalization of £156.77 million, a P/E ratio of 25,200.00 and a beta of 0.58.

Ricardo Company Profile

(Get Free Report)

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.

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