Ricardo (LON:RCDO) Sets New 52-Week Low – What’s Next?

Shares of Ricardo plc (LON:RCDO) hit a new 52-week low on Tuesday . The company traded as low as GBX 382 ($4.72) and last traded at GBX 382 ($4.72), with a volume of 45522 shares. The stock had previously closed at GBX 388 ($4.79).

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RCDO shares. Shore Capital restated a “sell” rating on shares of Ricardo in a report on Thursday, October 24th. Berenberg Bank restated a “buy” rating and issued a GBX 730 ($9.02) price target on shares of Ricardo in a report on Tuesday, December 17th.

Ricardo Trading Up 0.5 %

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 firm has a fifty day simple moving average of GBX 409.22 and a 200-day simple moving average of GBX 448.96. The firm has a market cap of £227.69 million, a P/E ratio of 36,600.00 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.