Ocado Group (LON:OCDO) Trading Down 17.1% – Here’s Why

Shares of Ocado Group plc (LON:OCDO) fell 17.1% on Thursday . The company traded as low as GBX 268.78 ($3.41) and last traded at GBX 276.30 ($3.50). 14,559,080 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 11,997,899 shares. The stock had previously closed at GBX 333.20 ($4.23).

Ocado Group Stock Performance

The firm has a 50-day moving average price of GBX 309.22 and a two-hundred day moving average price of GBX 336.26. 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 firm has a market capitalization of £2.29 billion, a P/E ratio of -10.39 and a beta of 1.85.

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

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.