Ocado Group plc (LON:OCDO – Get Free Report) shares dropped 15% on Thursday . The stock traded as low as GBX 268.78 ($3.41) and last traded at GBX 283.30 ($3.59). Approximately 12,025,360 shares were traded 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 Price Performance
The company has a fifty day simple moving average of GBX 309.22 and a two-hundred day simple moving average of GBX 336.26. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35. The company has a market capitalization of £2.29 billion, a price-to-earnings ratio of -10.39 and a beta of 1.85.
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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