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

Key Points

• Ocado Group's stock price fell by 6.4% to GBX 323.45 ($4.32), with a significant 58% decline in trading volume compared to its average.
• The company has a market capitalization of £2.72 billion and a notable debt-to-equity ratio of 144.16, indicating high financial leverage.
• Ocado Group specializes in providing end-to-end online grocery fulfillment solutions through its innovative Ocado Smart Platform, partnering with major retailers.

Ocado Group plc (LON:OCDO - )'s stock price was 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 changed hands during 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 business has a 50 day moving average of GBX 258.90 and a 200-day moving average of GBX 276.60. The company has a market capitalization of £2.72 billion, a P/E ratio of -12.31 and a beta of 1.85. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35.

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.

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