Ocado Group plc (LON:OCDO – Get Free Report) dropped 10.7% during trading on Thursday . The stock traded as low as GBX 219 and last traded at GBX 219.31. Approximately 4,676,911 shares were traded during trading, a decline of 23% from the average daily volume of 6,111,606 shares. The stock had previously closed at GBX 245.70.
Ocado Group Trading Down 11.8%
The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 144.16. The business has a 50 day moving average price of GBX 231.62 and a 200-day moving average price of GBX 259.91. The company has a market cap of £1.80 billion, a P/E ratio of 4.61 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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