Shares of Ocado Group plc (LON:OCDO – Get Free Report) dropped 9.4% during mid-day trading on Thursday . The company traded as low as GBX 219.70 and last traded at GBX 222.70. Approximately 4,381,235 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 6,096,823 shares. The stock had previously closed at GBX 245.70.
Ocado Group Stock Performance
The stock has a market cap of £1.81 billion, a P/E ratio of 4.64 and a beta of 1.85. 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 business has a 50 day moving average price of GBX 232.93 and a two-hundred day moving average price of GBX 259.55.
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.
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