Ocado Group (LON:OCDO) Shares Down 15.8% – Time to Sell?

Ocado Group plc (LON:OCDO)’s share price dropped 15.8% during mid-day trading on Thursday . The stock traded as low as GBX 268.78 ($3.38) and last traded at GBX 280.56 ($3.53). Approximately 9,042,295 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 11,863,344 shares. The stock had previously closed at GBX 333.20 ($4.19).

Ocado Group Stock Performance

The firm’s fifty day moving average price is GBX 307.85 and its 200-day moving average price is GBX 334.88. The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 144.16. The firm has a market cap of £2.18 billion, a price-to-earnings ratio of -9.89 and a beta of 1.85.

Ocado Group (LON:OCDO) last issued 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.