Ocado Group (LON:OCDO) Shares Down 17.7% - Should You Sell?

Ocado Group plc (LON:OCDO - Get Free Report)'s stock price was down 17.7% on Thursday . The stock traded as low as GBX 268.78 ($3.42) and last traded at GBX 274.20 ($3.48). Approximately 13,705,735 shares traded hands during trading, an increase of 14% from the average daily volume of 11,977,086 shares. The stock had previously closed at GBX 333.20 ($4.23).

Ocado Group Trading Down 2.3 %

The company has a market cap of £2.13 billion, a P/E 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. The business has a 50 day moving average price of GBX 306.72 and a 200-day moving average price of GBX 333.62.

Ocado Group (LON:OCDO - Get Free Report) last posted 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 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.