Ocado Group (LON:OCDO) Hits New 52-Week Low – Here’s What Happened

Ocado Group plc (LON:OCDO)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 277.61 ($3.39) and last traded at GBX 279.33 ($3.41), with a volume of 4856560 shares traded. The stock had previously closed at GBX 290.50 ($3.55).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “not rated” rating on shares of Ocado Group in a research note on Thursday, September 19th.

Ocado Group Stock Down 1.4 %

The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 143.47. The company has a market capitalization of £2.26 billion, a price-to-earnings ratio of -1,058.46 and a beta of 1.85. The company has a 50-day moving average of GBX 317.96 and a 200-day moving average of GBX 346.28.

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.