Ricardo (LON:RCDO) Sets New 1-Year Low – Time to Sell?

Ricardo plc (LON:RCDO)’s stock price hit a new 52-week low on Tuesday . The company traded as low as GBX 382 ($4.71) and last traded at GBX 382 ($4.71), with a volume of 45522 shares traded. The stock had previously closed at GBX 388 ($4.78).

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RCDO shares. Shore Capital reaffirmed a “sell” rating on shares of Ricardo in a research note on Thursday, October 24th. Berenberg Bank restated a “buy” rating and set a GBX 730 ($9.00) price objective on shares of Ricardo in a research report on Tuesday, December 17th.

Ricardo Trading Down 1.5 %

The firm has a market cap of £237.64 million, a P/E ratio of 38,200.00 and a beta of 0.58. The stock has a 50 day simple moving average of GBX 411.41 and a 200-day simple moving average of GBX 450.32. The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.12.

Ricardo Company Profile

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.