Ocado Group (LON:OCDO) Shares Down 14.3% - What's Next?

Ocado Group plc (LON:OCDO - Get Free Report) shares were down 14.3% on Thursday . The company traded as low as GBX 268.78 ($3.39) and last traded at GBX 285.58 ($3.60). Approximately 10,538,590 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 11,899,839 shares. The stock had previously closed at GBX 333.20 ($4.20).

Ocado Group Trading Down 2.3 %

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 firm has a market capitalization of £2.13 billion, a P/E ratio of -9.66 and a beta of 1.85. The firm's 50-day simple moving average is GBX 307.85 and its 200-day simple moving average is GBX 334.52.

Ocado Group (LON:OCDO - Get Free Report) last posted its quarterly earnings data 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.