Ocado Group (LON:OCDO) Stock Price Down 15.8% – Here’s Why

Ocado Group plc (LON:OCDO)’s stock price was down 15.8% during trading on Thursday . The stock traded as low as GBX 268.78 ($3.41) and last traded at GBX 280.56 ($3.56). Approximately 9,042,295 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 11,863,344 shares. The stock had previously closed at GBX 333.20 ($4.23).

Ocado Group Price Performance

The business has a fifty day moving average of GBX 309.22 and a 200 day moving average of GBX 336.26. The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82. The stock has a market cap of £2.39 billion, a PE ratio of -10.82 and a beta of 1.85.

Ocado Group Company Profile

Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world’s largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado’s physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.