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

Ricardo plc (LON:RCDO) dropped 25% during trading on Thursday . The company traded as low as GBX 260 ($3.23) and last traded at GBX 264 ($3.28). Approximately 4,412,265 shares changed hands during trading, an increase of 849% from the average daily volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.37).

Analyst Upgrades and Downgrades

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

Ricardo Price Performance

The company has a debt-to-equity ratio of 79.12, a current ratio of 1.86 and a quick ratio of 1.57. The stock’s fifty day moving average is GBX 403.19 and its 200-day moving average is GBX 444.27. The stock has a market capitalization of £164.23 million, a PE ratio of 26,400.00 and a beta of 0.58.

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.