Deliveroo (LON:ROO) Hits New 1-Year High - Here's Why

Key Points

• Deliveroo's shares hit a new 52-week high, trading at GBX 179.20 ($2.40), with a trading volume of over 7.5 million shares.
• The company's earnings results showed a net margin of 2.57% and a return on equity of 10.34%, despite reporting a modest loss of GBX (0.01) per share.
• Deliveroo partners with approximately 178,000 restaurants and grocers and employs around 130,000 riders for its delivery services, enhancing its on-demand delivery experience.

Deliveroo plc (LON:ROO - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as GBX 179.20 ($2.42) and last traded at GBX 178.73 ($2.41), with a volume of 7585936 shares traded. The stock had previously closed at GBX 178.60 ($2.41).

Deliveroo Price Performance

The company has a 50-day moving average price of GBX 177.49 and a two-hundred day moving average price of GBX 159.90. The company has a debt-to-equity ratio of 10.96, a current ratio of 1.92 and a quick ratio of 3.70. The company has a market cap of £2.59 billion, a PE ratio of -17,900.00, a P/E/G ratio of -0.15 and a beta of 0.43.

Deliveroo (LON:ROO - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported GBX (0.01) EPS for the quarter. Deliveroo had a net margin of 2.57% and a return on equity of 10.34%. Sell-side analysts expect that Deliveroo plc will post 4.037325 earnings per share for the current fiscal year.

About Deliveroo

Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. Deliveroo works with approximately 178,000 best-loved restaurants, grocers and retail partners, as well as around 130,000 riders to provide the best on-demand delivery experience in the world. Deliveroo is headquartered in London, with offices around the globe.