Ocado Group (LON:OCDO) Shares Down 15.5% – Here’s What Happened

Ocado Group plc (LON:OCDO) shares traded down 15.5% during mid-day trading on Thursday . The company traded as low as GBX 277.60 ($3.49) and last traded at GBX 281.50 ($3.54). 6,570,504 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 11,803,056 shares. The stock had previously closed at GBX 333.20 ($4.19).

Ocado Group Price Performance

The stock has a market cap of £2.18 billion, a price-to-earnings ratio of -9.89 and a beta of 1.85. The stock has a fifty day simple moving average of GBX 307.85 and a 200-day simple moving average of GBX 334.88. The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 144.16.

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

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.