Deliveroo (LON:ROO) Shares Down 2.3% – What’s Next?

Deliveroo plc (LON:ROO) shares dropped 2.3% during mid-day trading on Friday . The company traded as low as GBX 147.90 ($1.87) and last traded at GBX 147.90 ($1.87). Approximately 2,637,675 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 2,956,554 shares. The stock had previously closed at GBX 151.40 ($1.91).

Deliveroo Stock Down 2.3 %

The firm has a 50-day simple moving average of GBX 145.19 and a 200 day simple moving average of GBX 142.54. The stock has a market capitalization of £2.29 billion, a P/E ratio of 4,930.00, a P/E/G ratio of -0.15 and a beta of 0.43. The company has a debt-to-equity ratio of 10.96, a current ratio of 1.92 and a quick ratio of 3.70.

Insider Activity at Deliveroo

In other Deliveroo news, insider Will Shu sold 4,010,599 shares of Deliveroo stock in a transaction dated Monday, September 16th. The stock was sold at an average price of GBX 156 ($1.97), for a total transaction of £6,256,534.44 ($7,896,673.53). 23.68% of the stock is owned by company insiders.

Deliveroo Company Profile

Deliveroo plc, a holding company, operates an online food delivery platform in the United Kingdom, Ireland, France, Italy, Belgium, Hong Kong, Singapore, the United Arab Emirates, Kuwait, and Qatar. The company connects local consumers, shops, riders and restaurants, and grocery partners. Deliveroo plc was founded in 2013 and is based in London, the United Kingdom.