Ricardo (LON:RCDO) Shares Down 25% - Here's Why

Ricardo plc (LON:RCDO - Get Free Report)'s stock price traded down 25% during mid-day trading on Thursday . The company traded as low as GBX 260 ($3.23) and last traded at GBX 264 ($3.28). 4,412,265 shares were traded during mid-day trading, an increase of 849% from the average session volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.38).

Analyst Ratings Changes

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

Ricardo Trading Down 6.3 %

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 company has a market cap of £146.82 million, a P/E ratio of 23,600.00 and a beta of 0.58. The stock's 50-day moving average is GBX 397.61 and its two-hundred day moving average is GBX 440.56.

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.