Ocado Group plc (LON:OCDO – Get Free Report)’s stock price dropped 9.4% on Thursday . The company traded as low as GBX 219.70 and last traded at GBX 222.70. Approximately 4,381,235 shares changed hands during trading, a decline of 28% from the average daily volume of 6,096,823 shares. The stock had previously closed at GBX 245.70.
Ocado Group Stock Down 10.2%
The business has a 50-day moving average of GBX 231.62 and a 200 day moving average of GBX 259.91. The company has a market capitalization of £1.83 billion, a PE ratio of 4.70 and a beta of 1.85. The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82.
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.
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