Ocado Group (LON:OCDO) Stock Price Down 6.4% – Should You Sell?

Shares of Ocado Group plc (LON:OCDO) were down 6.4% during trading on Monday . The stock traded as low as GBX 201 and last traded at GBX 208.74. Approximately 4,253,053 shares were traded during trading, a decline of 79% from the average daily volume of 20,445,680 shares. The stock had previously closed at GBX 223.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 310 target price on shares of Ocado Group in a report on Monday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 373.50.

Ocado Group Stock Down 6.4%

The company has a debt-to-equity ratio of 131.70, a quick ratio of 2.82 and a current ratio of 2.00. The stock has a market cap of £1.74 billion, a P/E ratio of 4.29 and a beta of 2.32. The stock’s fifty day simple moving average is GBX 195.82 and its 200-day simple moving average is GBX 213.74.

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

Insider Buying and Selling at Ocado Group

In other news, insider Jorn Rausing purchased 910,698 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of GBX 202 per share, with a total value of £1,839,609.96. Over the last ninety days, insiders have purchased 911,174 shares of company stock worth $184,050,978. Corporate insiders own 36.12% 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.