Ricardo (LON:RCDO) Sets New 12-Month Low – Time to Sell?

Ricardo plc (LON:RCDO)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 206 ($2.59) and last traded at GBX 213 ($2.68), with a volume of 944454 shares traded. The stock had previously closed at GBX 217 ($2.73).

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RCDO. Shore Capital upgraded Ricardo to a “hold” rating in a research note on Friday, February 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 730 ($9.19) target price on shares of Ricardo in a report on Tuesday, December 17th.

Ricardo Price Performance

The stock has a market cap of £139.22 million, a PE ratio of 199.02 and a beta of 0.58. The company has a debt-to-equity ratio of 79.36, a quick ratio of 1.57 and a current ratio of 1.86. The business has a 50 day moving average price of GBX 355.21 and a two-hundred day moving average price of GBX 416.96.

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.