Ricardo (LON:RCDO) Stock Price Down 23.3% - Here's What Happened

Ricardo plc (LON:RCDO - Get Free Report)'s share price fell 23.3% during mid-day trading on Thursday . The stock traded as low as GBX 264 ($3.24) and last traded at GBX 270 ($3.32). 3,864,021 shares traded hands during mid-day trading, an increase of 781% from the average session volume of 438,369 shares. The stock had previously closed at GBX 352 ($4.32).

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RCDO. Berenberg Bank reiterated a "buy" rating and set a GBX 730 ($8.97) price objective on shares of Ricardo in a research report on Tuesday, December 17th. Shore Capital restated a "sell" rating on shares of Ricardo in a report on Thursday.

Ricardo Stock Down 6.3 %

The business's 50 day moving average is GBX 397.61 and its 200 day moving average is GBX 440.56. 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 stock has a market cap of £146.82 million, a price-to-earnings ratio of 23,600.00 and a beta of 0.58.

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.