Ocado Group (LON:OCDO) Reaches New 52-Week Low – Here’s What Happened

Ocado Group plc (LON:OCDO)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 277.61 ($3.43) and last traded at GBX 279.33 ($3.45), with a volume of 4856560 shares changing hands. The stock had previously closed at GBX 290.50 ($3.59).

Analyst Ratings Changes

Separately, Shore Capital reissued a “not rated” rating on shares of Ocado Group in a research report on Thursday, September 19th.

Ocado Group Stock Performance

The stock has a market capitalization of £2.27 billion, a price-to-earnings ratio of -1,063.85 and a beta of 1.85. The company’s fifty day simple moving average is GBX 321.19 and its 200 day simple moving average is GBX 347.33. The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 143.47.

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.