Ocado Group (LON:OCDO) Shares Down 18.1% - Here's What Happened

Ocado Group plc (LON:OCDO - Get Free Report)'s stock price was down 18.1% on Thursday . The stock traded as low as GBX 268.78 ($3.42) and last traded at GBX 273 ($3.47). Approximately 15,293,949 shares traded hands during trading, an increase of 27% from the average daily volume of 12,015,823 shares. The stock had previously closed at GBX 333.20 ($4.23).

Ocado Group Stock Down 2.3 %

The firm's 50-day moving average price is GBX 306.72 and its two-hundred day moving average price is GBX 333.62. The firm has a market cap of £2.13 billion, a PE ratio of -9.66 and a beta of 1.85. 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 released its quarterly earnings results 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.