Ocado Group (LON:OCDO) Reaches New 52-Week Low – Here’s What Happened

Ocado Group plc (LON:OCDO)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 222.10 ($2.88) and last traded at GBX 226.17 ($2.93), with a volume of 6172724 shares. The stock had previously closed at GBX 240 ($3.11).

Ocado Group Stock Up 7.3 %

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 fifty day simple moving average of GBX 295.93 and a 200 day simple moving average of GBX 325.61. The firm has a market capitalization of £2.05 billion, a P/E ratio of -9.28 and a beta of 1.85.

Ocado Group (LON:OCDO) last posted its quarterly earnings results on Friday, March 7th. The company reported GBX (41) (($0.53)) EPS for the quarter. Ocado Group had a negative net margin of 7.23% and a negative return on equity of 15.18%.

Insider Transactions at Ocado Group

In other Ocado Group news, insider Adam Warby acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of GBX 225 ($2.91) per share, with a total value of £225,000 ($291,450.78). Company insiders own 29.45% of the company’s stock.

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.