Ocado Group (LON:OCDO) Trading Down 15% – Time to Sell?

Ocado Group plc (LON:OCDO)’s share price fell 15% on Thursday . The company traded as low as GBX 268.78 ($3.38) and last traded at GBX 283.30 ($3.56). 12,025,360 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 11,936,102 shares. The stock had previously closed at GBX 333.20 ($4.19).

Ocado Group Stock Performance

The business’s 50-day simple moving average is GBX 307.85 and its two-hundred day simple moving average is GBX 334.88. The firm has a market cap of £2.18 billion, a price-to-earnings ratio of -9.89 and a beta of 1.85. The company has a quick ratio of 2.82, a current ratio of 2.35 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)) EPS for the quarter. Ocado Group had a negative return on equity of 15.18% and a negative net margin of 7.23%.

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.