Ocado Group (LON:OCDO) Stock Price Down 17.8% - Time to Sell?

Shares of Ocado Group plc (LON:OCDO - Get Free Report) traded down 17.8% on Thursday . The company traded as low as GBX 268.78 ($3.42) and last traded at GBX 273.90 ($3.48). 13,762,683 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 11,978,475 shares. The stock had previously closed at GBX 333.20 ($4.23).

Ocado Group Stock Performance

The company has a market cap of £2.13 billion, a price-to-earnings ratio of -9.66 and a beta of 1.85. The firm's 50 day simple moving average is GBX 306.72 and its 200-day simple moving average is GBX 333.62. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35.

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 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.