Ocado Group (LON:OCDO) Shares Down 14.3% – Here’s What Happened

Ocado Group plc (LON:OCDO)’s share price dropped 14.3% during trading on Thursday . The company traded as low as GBX 268.78 ($3.38) and last traded at GBX 285.58 ($3.59). Approximately 10,538,590 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 11,899,839 shares. The stock had previously closed at GBX 333.20 ($4.19).

Ocado Group Stock Down 4.8 %

The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82. The business has a 50 day moving average price of GBX 307.85 and a 200 day moving average price of GBX 334.88. The firm has a market capitalization of £2.18 billion, a P/E ratio of -9.89 and a beta of 1.85.

Ocado Group (LON:OCDO) last posted its quarterly earnings data on Thursday, February 27th. The company reported GBX (48.91) (($0.62)) EPS for the quarter. Ocado Group had a negative return on equity of 15.18% and a negative net margin of 7.23%.

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.