Ocado Group (LON:OCDO) Reaches New 12-Month Low at $332.90

Ocado Group plc (LON:OCDO) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 332.90 ($4.23) and last traded at GBX 334.90 ($4.26), with a volume of 7184599 shares traded. The stock had previously closed at GBX 343.50 ($4.37).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price target on shares of Ocado Group from GBX 600 ($7.63) to GBX 350 ($4.45) and set a “neutral” rating on the stock in a research report on Monday, May 13th.

Ocado Group Trading Up 6.2 %

The company has a current ratio of 2.49, a quick ratio of 2.82 and a debt-to-equity ratio of 129.71. The company has a market capitalization of £3.06 billion, a P/E ratio of -983.68 and a beta of 1.73. The business has a 50 day moving average price of GBX 387.28 and a 200 day moving average price of GBX 517.99.

Insider Buying and Selling

In other Ocado Group news, insider Richard N. (Rick) Haythornthwaite bought 27,320 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was acquired at an average cost of GBX 366 ($4.65) per share, with a total value of £99,991.20 ($127,085.92). In the last three months, insiders acquired 27,436 shares of company stock valued at $10,044,530. 29.51% of the stock is owned by corporate insiders.

About Ocado Group

Ocado Group plc, together with its subsidiaries, operates as an online grocery retailer in the United Kingdom and internationally. The company operates in three segments: Technology Solutions, Ocado Logistics, and Ocado Retail. It offers online grocery and general merchandise; and customer fulfillment centers and logistics services.