Ocado Group plc (LON:OCDO – Get Free Report) shares dropped 9% during mid-day trading on Thursday . The stock traded as low as GBX 221.80 and last traded at GBX 223.50. Approximately 3,044,417 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 6,029,982 shares. The stock had previously closed at GBX 245.70.
Ocado Group Stock Down 9.8%
The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16. The company has a market cap of £1.84 billion, a price-to-earnings ratio of 4.71 and a beta of 1.85. The stock has a fifty day moving average price of GBX 231.62 and a two-hundred day moving average price of GBX 259.91.
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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