Ricardo plc (LON:RCDO - Get Free Report) shares dropped 23.9% on Thursday . The company traded as low as GBX 264 ($3.24) and last traded at GBX 268 ($3.29). Approximately 4,226,869 shares were traded during mid-day trading, an increase of 827% from the average daily volume of 455,893 shares. The stock had previously closed at GBX 352 ($4.32).
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on RCDO shares. Berenberg Bank reiterated a "buy" rating and set a GBX 730 ($8.97) price target on shares of Ricardo in a research note on Tuesday, December 17th. Shore Capital reaffirmed a "sell" rating on shares of Ricardo in a research report on Thursday.
Check Out Our Latest Research Report on RCDO
Ricardo Price Performance
The stock has a market cap of £146.82 million, a PE ratio of 23,600.00 and a beta of 0.58. The company has a debt-to-equity ratio of 79.12, a quick ratio of 1.57 and a current ratio of 1.86. The business has a 50 day moving average price of GBX 397.61 and a two-hundred day moving average price of GBX 440.56.
About Ricardo
(
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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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