Ocado Group (LON:OCDO) Trading Down 15% - What's Next?

Ocado Group plc (LON:OCDO - Get Free Report) was down 15% during mid-day trading on Thursday . The stock traded as low as GBX 268.78 ($3.39) and last traded at GBX 283.30 ($3.57). Approximately 12,025,360 shares were traded during trading, an increase of 1% from the average daily volume of 11,936,102 shares. The stock had previously closed at GBX 333.20 ($4.20).

Ocado Group Price Performance

The company's 50-day moving average is GBX 307.85 and its 200-day moving average is GBX 334.52. The firm has a market cap of £2.13 billion, a price-to-earnings ratio of -9.66 and a beta of 1.85. The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 144.16.

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 (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.