Ocado Group (LON:OCDO) Announces Quarterly Earnings Results

Ocado Group (LON:OCDO) issued its earnings results on Thursday. The company reported GBX (48.91) (($0.62)) EPS for the quarter, Digital Look Earnings reports. Ocado Group had a negative net margin of 7.23% and a negative return on equity of 15.18%.

Ocado Group Price Performance

Shares of LON:OCDO traded down GBX 60.20 ($0.76) during midday trading on Thursday, reaching GBX 273 ($3.46). 15,295,455 shares of the company were exchanged, compared to its average volume of 12,015,859. The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 144.16. The stock has a market cap of £2.29 billion, a PE ratio of -10.39 and a beta of 1.85. Ocado Group has a one year low of GBX 268.78 ($3.41) and a one year high of GBX 541.35 ($6.87). The business’s fifty day moving average is GBX 309.22 and its two-hundred day moving average is GBX 336.26.

About Ocado Group

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.