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

Ocado Group plc (LON:OCDO)’s stock price fell 14.3% during trading on Thursday . The stock traded as low as GBX 268.78 ($3.41) and last traded at GBX 285.58 ($3.62). 10,538,590 shares traded hands during trading, a decline of 11% from the average session volume of 11,899,839 shares. The stock had previously closed at GBX 333.20 ($4.23).

Ocado Group Stock Performance

The company has a market capitalization of £2.39 billion, a price-to-earnings ratio of -10.82 and a beta of 1.85. The stock’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 current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 144.16.

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.