Deliveroo (LON:ROO) Shares Down 2.3% - Should You Sell?

Deliveroo plc (LON:ROO - Get Free Report) was down 2.3% during mid-day trading on Friday . The stock traded as low as GBX 147.90 ($1.87) and last traded at GBX 147.90 ($1.87). Approximately 2,637,675 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 2,956,554 shares. The stock had previously closed at GBX 151.40 ($1.91).

Deliveroo Price Performance

The company has a current ratio of 1.92, a quick ratio of 3.70 and a debt-to-equity ratio of 10.96. The stock has a market cap of £2.29 billion, a P/E ratio of 4,930.00, a price-to-earnings-growth ratio of -0.15 and a beta of 0.43. The business has a 50-day simple moving average of GBX 145.19 and a 200 day simple moving average of GBX 142.54.

Insider Buying and Selling at Deliveroo

In related news, insider Will Shu sold 4,010,599 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of GBX 156 ($1.97), for a total transaction of £6,256,534.44 ($7,896,673.53). Insiders own 23.68% of the company's stock.

Deliveroo Company Profile

Deliveroo plc, a holding company, operates an online food delivery platform in the United Kingdom, Ireland, France, Italy, Belgium, Hong Kong, Singapore, the United Arab Emirates, Kuwait, and Qatar. The company connects local consumers, shops, riders and restaurants, and grocery partners. Deliveroo plc was founded in 2013 and is based in London, the United Kingdom.