Deliveroo (LON:ROO) Trading Up 1.9% – Time to Buy?

Deliveroo plc (LON:ROO) shares shot up 1.9% on Friday . The company traded as high as GBX 146 ($1.83) and last traded at GBX 144.70 ($1.81). 3,302,417 shares were traded during mid-day trading, an increase of 10% from the average session volume of 3,006,387 shares. The stock had previously closed at GBX 142 ($1.78).

Deliveroo Stock Up 1.9 %

The company has a market capitalization of £2.24 billion, a P/E ratio of 4,823.33, a price-to-earnings-growth ratio of -0.15 and a beta of 0.43. The company has a debt-to-equity ratio of 10.96, a quick ratio of 3.70 and a current ratio of 1.92. The firm’s fifty day moving average is GBX 146.87 and its 200-day moving average is GBX 141.30.

Insider Transactions at Deliveroo

In related news, insider Will Shu sold 2,648,173 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of GBX 158 ($1.98), for a total value of £4,184,113.34 ($5,245,221.69). Company insiders own 23.68% of the company’s stock.

About Deliveroo

Deliveroo plc, a holding company, operates an online food delivery platform in the United Kingdom, Ireland, France, Italy, Belgium, Hong Kong, Singapore, the United Arab Emirates, Kuwait, and Qatar. The company connects local consumers, shops, riders and restaurants, and grocery partners. Deliveroo plc was founded in 2013 and is based in London, the United Kingdom.