Ocado Group (LON:OCDO) Stock Price Down 6.4% – Should You Sell?

Shares of Ocado Group plc (LON:OCDO) traded down 6.4% during mid-day trading on Monday . The stock traded as low as GBX 201 and last traded at GBX 208.74. 4,253,053 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 20,445,680 shares. The stock had previously closed at GBX 223.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 310 price target on shares of Ocado Group in a research note on Monday. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Ocado Group currently has a consensus rating of “Buy” and an average price target of GBX 373.50.

Ocado Group Stock Down 6.4%

The company has a market capitalization of £1.74 billion, a price-to-earnings ratio of 4.29 and a beta of 2.32. The firm’s 50 day moving average price is GBX 195.82 and its two-hundred day moving average price is GBX 213.74. The company has a current ratio of 2.00, a quick ratio of 2.82 and a debt-to-equity ratio of 131.70.

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

Insider Buying and Selling at Ocado Group

In other news, insider Jorn Rausing acquired 910,698 shares of the stock in a transaction dated Wednesday, March 11th. The shares were bought at an average cost of GBX 202 per share, for a total transaction of £1,839,609.96. In the last quarter, insiders have bought 911,174 shares of company stock worth $184,050,978. 36.12% of the stock is owned by insiders.

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.