Ocado Group (LON:OCDO) Shares Down 15% – What’s Next?

Ocado Group plc (LON:OCDO) dropped 15% during trading on Thursday . The company traded as low as GBX 268.78 ($3.41) and last traded at GBX 283.30 ($3.59). Approximately 12,025,360 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 11,936,102 shares. The stock had previously closed at GBX 333.20 ($4.23).

Ocado Group Stock 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 stock has a market cap of £2.39 billion, a P/E ratio of -10.82 and a beta of 1.85. The firm has a 50-day simple moving average of GBX 309.22 and a two-hundred day simple moving average of GBX 336.26.

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.