Ocado Group (LON:OCDO) Stock Price Down 15% - Here's What Happened

Ocado Group plc (LON:OCDO - Get Free Report) traded down 15% during trading on Thursday . The company traded as low as GBX 268.78 ($3.39) and last traded at GBX 283.30 ($3.57). 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 ($4.20).

Ocado Group Price Performance

The firm has a fifty day moving average price of GBX 307.85 and a two-hundred day moving average price of GBX 334.52. The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16. The stock has a market capitalization of £2.13 billion, a P/E ratio of -9.66 and a beta of 1.85.

Ocado Group (LON:OCDO - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported GBX (48.91) (($0.62)) EPS for the quarter. Ocado Group had a negative net margin of 7.23% and a negative return on equity of 15.18%.

Ocado Group Company Profile

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.