Ocado Group (LON:OCDO) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Ocado Group plc (LON:OCDO) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 218.84 and traded as low as GBX 203. Ocado Group shares last traded at GBX 205.10, with a volume of 5,296,100 shares trading hands.

Ocado Group Stock Performance

The stock has a market cap of £1.70 billion, a P/E ratio of 4.21 and a beta of 2.34. The business has a 50 day moving average price of GBX 201.34 and a 200 day moving average price of GBX 218.84. The company has a quick ratio of 2.82, a current ratio of 2.00 and a debt-to-equity ratio of 131.70.

Ocado Group (LON:OCDO) last released its earnings results on Friday, March 6th. The company reported GBX (44.60) EPS for the quarter. Ocado Group had a net margin of 29.33% and a return on equity of 24.47%.

Insider Transactions at Ocado Group

In other news, insider Jorn Rausing acquired 910,698 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average price of GBX 202 per share, with a total value of £1,839,609.96. Insiders purchased a total of 911,144 shares of company stock valued at $184,051,104 over the last quarter. 36.12% of the stock is owned by corporate insiders.

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.