Ocado Group (LON:OCDO) Hits New 12-Month Low – Here’s Why

Ocado Group plc (LON:OCDO)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 277.61 ($3.43) and last traded at GBX 279.33 ($3.45), with a volume of 4856560 shares. The stock had previously closed at GBX 290.50 ($3.59).

Analyst Ratings Changes

Separately, Shore Capital reissued a “not rated” rating on shares of Ocado Group in a research note on Thursday, September 19th.

Ocado Group Trading Down 4.8 %

The company has a market capitalization of £2.27 billion, a P/E ratio of -1,063.85 and a beta of 1.85. The company has a debt-to-equity ratio of 143.47, a current ratio of 2.35 and a quick ratio of 2.82. The business’s 50-day moving average price is GBX 321.19 and its two-hundred day moving average price is GBX 347.33.

Ocado Group Company Profile

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.