Deliveroo (LON:ROO) Shares Up 16.5% - Here's What Happened

Deliveroo plc (LON:ROO - Get Free Report)'s share price was up 16.5% during trading on Tuesday . The company traded as high as GBX 173 ($2.32) and last traded at GBX 170.80 ($2.29). Approximately 25,676,648 shares traded hands during mid-day trading, an increase of 183% from the average daily volume of 9,071,273 shares. The stock had previously closed at GBX 146.60 ($1.97).

Deliveroo Stock Performance

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 firm has a market cap of £2.53 billion, a PE ratio of 347.73, a PEG ratio of -0.15 and a beta of 0.43. The business has a 50-day simple moving average of GBX 129.07 and a 200 day simple moving average of GBX 136.14.

About Deliveroo

Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. Deliveroo works with approximately 180,000 best-loved restaurant, grocery and retail partners, as well as over 140,000 riders to provide the best delivery experience in the world. Deliveroo is headquartered in London, with offices around the globe.

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