Ocado Group (LON:OCDO) Shares Down 6.4% - Should You Sell?

Key Points

• Ocado Group's stock price fell by 6.4%, trading as low as GBX 318.65 ($4.26) and closing at GBX 323.45 ($4.32).
• The company has a market capitalization of £2.60 billion and a notably high debt-to-equity ratio of 144.16.
• Ocado Group is a technology company that offers online grocery fulfillment solutions and holds a 50% share in Ocado Retail Ltd in a joint venture with Marks & Spencer.

Ocado Group plc (LON:OCDO - Get Free Report)'s stock price traded down 6.4% during trading on Tuesday . The stock traded as low as GBX 318.65 ($4.21) and last traded at GBX 323.45 ($4.27). 3,683,220 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 8,703,449 shares. The stock had previously closed at GBX 345.69 ($4.57).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their target price on shares of Ocado Group from GBX 400 ($5.28) to GBX 437 ($5.77) and gave the company an "overweight" rating in a research report on Friday.

Ocado Group Stock Up 4.7%

The firm's fifty day moving average is GBX 262.38 and its 200-day moving average is GBX 277.77. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35. The company has a market capitalization of £2.78 billion, a P/E ratio of -12.59 and a beta of 1.85.

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.