Ocado Group (LON:OCDO) Shares Down 13.4% – Here’s Why

Shares of Ocado Group plc (LON:OCDO) fell 13.4% during mid-day trading on Thursday . The company traded as low as GBX 287.50 ($3.62) and last traded at GBX 288.60 ($3.63). 2,932,439 shares were traded during trading, a decline of 75% from the average session volume of 11,714,322 shares. The stock had previously closed at GBX 333.20 ($4.19).

Ocado Group Trading Down 4.8 %

The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16. The company has a 50-day moving average price of GBX 307.85 and a 200-day moving average price of GBX 334.88. The company has a market capitalization of £2.18 billion, a price-to-earnings ratio of -9.89 and a beta of 1.85.

Ocado Group (LON:OCDO) last announced its quarterly earnings data on Thursday, February 27th. The company reported GBX (48.91) (($0.62)) earnings per share (EPS) for the quarter. Ocado Group had a negative return on equity of 15.18% and a negative net margin of 7.23%.

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.