Ricardo plc (LON:RCDO - Get Free Report) shares 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 were traded during trading, an increase of 849% from the average daily volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.38).
Analysts Set New Price Targets
RCDO has been the topic of several recent analyst reports. Berenberg Bank reiterated a "buy" rating and set a GBX 730 ($9.08) target price on shares of Ricardo in a research report on Tuesday, December 17th. Shore Capital reaffirmed a "sell" rating on shares of Ricardo in a research note on Thursday.
View Our Latest Stock Report on Ricardo
Ricardo Price Performance
The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.12. The business has a 50-day simple moving average of GBX 397.61 and a two-hundred day simple moving average of GBX 440.56. The stock has a market capitalization of £146.82 million, a price-to-earnings ratio of 23,600.00 and a beta of 0.58.
Ricardo Company Profile
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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.
Further Reading
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