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Ricardo (LON:RCDO) Shares Down 24.6% - Here's Why

Ricardo logo with Industrials background

Ricardo plc (LON:RCDO - Get Free Report)'s stock price traded down 24.6% during trading on Thursday . The company traded as low as GBX 263 ($3.27) and last traded at GBX 265.37 ($3.30). 5,355,946 shares changed hands during mid-day trading, an increase of 951% from the average session volume of 509,659 shares. The stock had previously closed at GBX 352 ($4.38).

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 730 ($9.08) target price on shares of Ricardo in a report on Tuesday, December 17th. Shore Capital reaffirmed a "sell" rating on shares of Ricardo in a report on Thursday.

Get Our Latest Report on Ricardo

Ricardo Trading Down 6.3 %

The stock has a market cap of £146.82 million, a P/E ratio of 23,600.00 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. The business's fifty day simple moving average is GBX 397.61 and its 200 day simple moving average is GBX 440.56.

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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