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

Ocado Group logo with Consumer Defensive background
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Ocado Group plc (LON:OCDO - Get Free Report) shares hit a new 52-week low during trading on Saturday . The stock traded as low as GBX 253.85 ($3.25) and last traded at GBX 259.79 ($3.32), with a volume of 9833546 shares trading hands. The stock had previously closed at GBX 273 ($3.49).

Ocado Group Trading Up 9.5 %

The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35. The firm has a market cap of £2.08 billion, a P/E ratio of -9.42 and a beta of 1.85. The stock has a fifty day simple moving average of GBX 304.99 and a 200 day simple moving average of GBX 332.45.

Ocado Group (LON:OCDO - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported GBX (48.91) (($0.63)) earnings per share for the quarter. Ocado Group had a negative return on equity of 15.18% and a negative net margin of 7.23%.

Ocado Group Company Profile

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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.

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