Ocado Group (LON:OCDO) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Ocado Group plc (LON:OCDO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 213.56 and traded as low as GBX 205. Ocado Group shares last traded at GBX 208.37, with a volume of 1,926,570 shares changing hands.

Ocado Group Price Performance

The firm has a market cap of £1.76 billion, a price-to-earnings ratio of 4.35 and a beta of 2.32. The company has a quick ratio of 2.82, a current ratio of 2.00 and a debt-to-equity ratio of 131.70. The company’s 50-day moving average price is GBX 195.30 and its 200-day moving average price is GBX 213.56.

Ocado Group (LON:OCDO) last issued its quarterly earnings results on Friday, March 6th. The company reported GBX (44.60) earnings per share (EPS) for the quarter. Ocado Group had a return on equity of 24.47% and a net margin of 29.33%.

Insider Activity

In other Ocado Group news, insider Jorn Rausing purchased 910,698 shares of Ocado Group stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of GBX 202 per share, with a total value of £1,839,609.96. Insiders have bought a total of 911,174 shares of company stock worth $184,050,978 over the last 90 days. 36.12% of the stock is currently owned by corporate insiders.

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.