Ocado Group plc (LON:OCDO – Get Free Report)’s share price dropped 14.7% during mid-day trading on Thursday . The stock traded as low as GBX 268.78 ($3.41) and last traded at GBX 284.34 ($3.61). Approximately 12,393,523 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 11,945,081 shares. The stock had previously closed at GBX 333.20 ($4.23).
Ocado Group Stock Down 18.1 %
The firm’s 50-day moving average price is GBX 309.22 and its 200-day moving average price is GBX 336.26. The company has a market cap of £2.29 billion, a price-to-earnings ratio of -10.39 and a beta of 1.85. The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82.
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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