Ricardo (LON:RCDO) Shares Down 25% - What's Next?

Ricardo plc (LON:RCDO - Get Free Report) was down 25% during trading on Thursday . The company traded as low as GBX 260 ($3.19) and last traded at GBX 264 ($3.24). Approximately 4,412,265 shares traded hands during trading, an increase of 849% from the average daily volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.32).

Wall Street Analyst Weigh In

RCDO has been the subject of several research reports. Shore Capital reiterated a "sell" rating on shares of Ricardo in a research note on Thursday. Berenberg Bank reiterated a "buy" rating and set a GBX 730 ($8.97) target price on shares of Ricardo in a research report on Tuesday, December 17th.

Ricardo Price Performance

The business's fifty day simple moving average is GBX 397.61 and its 200-day simple moving average is GBX 440.56. 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 firm has a market cap of £146.82 million, a P/E ratio of 23,600.00 and a beta of 0.58.

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.