Ocado Group (LON:OCDO) Shares Down 14.7% - Here's What Happened

Ocado Group plc (LON:OCDO - Get Free Report) dropped 14.7% during mid-day trading on Thursday . The stock traded as low as GBX 268.78 ($3.39) and last traded at GBX 284.34 ($3.58). Approximately 12,393,523 shares were traded during mid-day trading, an increase of 4% from the average daily volume of 11,945,081 shares. The stock had previously closed at GBX 333.20 ($4.20).

Ocado Group Stock Down 2.3 %

The company's fifty day simple moving average is GBX 307.85 and its 200-day simple moving average is GBX 334.52. The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82. The firm has a market capitalization of £2.13 billion, a PE ratio of -9.66 and a beta of 1.85.

Ocado Group (LON:OCDO - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported GBX (48.91) (($0.62)) 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%.

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.