Ocado Group (LON:OCDO) Shares Down 13.4% – What’s Next?

Ocado Group plc (LON:OCDO)’s share price dropped 13.4% during mid-day trading on Thursday . The company traded as low as GBX 287.50 ($3.65) and last traded at GBX 288.60 ($3.66). Approximately 2,932,439 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 11,714,322 shares. The stock had previously closed at GBX 333.20 ($4.23).

Ocado Group Trading Down 14.7 %

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 business’s 50-day moving average is GBX 309.22 and its two-hundred day moving average is GBX 336.26. The firm has a market cap of £2.39 billion, a P/E 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.