Shares of Ricardo plc (LON:RCDO - Get Free Report) were down 25% during trading on Friday . The stock traded as low as GBX 260 ($3.19) and last traded at GBX 264 ($3.24). Approximately 4,412,265 shares were traded during mid-day trading, an increase of 849% from the average daily volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.32).
Analysts Set New Price Targets
RCDO has been the topic of several recent research reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 730 ($8.97) target price on shares of Ricardo in a research note on Tuesday, December 17th. Shore Capital reissued a "sell" rating on shares of Ricardo in a research report on Thursday.
Check Out Our Latest Stock Analysis on RCDO
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 firm has a market capitalization of £146.82 million, a price-to-earnings ratio of 23,600.00 and a beta of 0.58. The stock's 50 day moving average price is GBX 397.61 and its two-hundred day moving average price is 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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