Ricardo (LON:RCDO) Stock Price Down 25% - Should You Sell?

Ricardo plc (LON:RCDO - Get Free Report)'s share price fell 25% during mid-day trading on Thursday . The company traded as low as GBX 260 ($3.19) and last traded at GBX 264 ($3.24). 4,412,265 shares changed hands 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 ($4.32).

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Berenberg Bank reaffirmed a "buy" rating and set a GBX 730 ($8.97) price objective on shares of Ricardo in a research note on Tuesday, December 17th. Shore Capital reaffirmed a "sell" rating on shares of Ricardo in a research report on Thursday.

Ricardo Trading Down 6.3 %

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's fifty day moving average is GBX 397.61 and its two-hundred day moving average is GBX 440.56. 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.