Ocado Group (LON:OCDO) Shares Down 6.4% - Time to Sell?

Key Points

• Ocado Group's stock declined by 6.4%, trading as low as GBX 318.65 ($4.26) during the session.
• The company's market capitalization stands at £2.72 billion, with a price-to-earnings ratio of -12.31.
• Ocado Group specializes in providing online grocery fulfillment solutions through its Ocado Smart Platform, partnering with major retailers, including Marks & Spencer.

Ocado Group plc (LON:OCDO - Get Free Report) shares were down 6.4% during mid-day trading on Monday . The stock traded as low as GBX 318.65 ($4.26) and last traded at GBX 323.45 ($4.32). Approximately 3,683,220 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 8,703,449 shares. The stock had previously closed at GBX 345.69 ($4.62).

Ocado Group Stock Performance

The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16. The company has a 50 day simple moving average of GBX 259.94 and a 200-day simple moving average of GBX 276.94. The stock has a market capitalization of £2.65 billion, a price-to-earnings ratio of -12.03 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.