Deliveroo (LON:ROO) Shares Down 2.3% – Here’s What Happened

Deliveroo plc (LON:ROO)’s share price was down 2.3% during mid-day trading on Friday . The company traded as low as GBX 147.90 ($1.87) and last traded at GBX 147.90 ($1.87). Approximately 2,637,675 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 2,956,554 shares. The stock had previously closed at GBX 151.40 ($1.91).

Deliveroo Price Performance

The company has a current ratio of 1.92, a quick ratio of 3.70 and a debt-to-equity ratio of 10.96. The firm has a market capitalization of £2.29 billion, a price-to-earnings ratio of 4,930.00, a PEG ratio of -0.15 and a beta of 0.43. The business has a 50-day moving average price of GBX 145.19 and a two-hundred day moving average price of GBX 142.49.

Insider Activity

In other Deliveroo news, insider Will Shu sold 4,010,599 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of GBX 156 ($1.97), for a total value of £6,256,534.44 ($7,896,673.53). 23.68% of the stock is currently owned by insiders.

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.