Deliveroo (LON:ROO) Stock Price Down 0.7% – Here’s Why

Shares of Deliveroo plc (LON:ROO) fell 0.7% during trading on Thursday . The stock traded as low as GBX 136.80 ($1.77) and last traded at GBX 137.80 ($1.79). 2,446,693 shares were traded during mid-day trading, a decline of 20% from the average session volume of 3,062,568 shares. The stock had previously closed at GBX 138.80 ($1.80).

Deliveroo Stock Down 0.7 %

The firm’s 50 day simple moving average is GBX 150.77 and its two-hundred day simple moving average is GBX 140.12. The firm has a market cap of £2.14 billion, a price-to-earnings ratio of 4,593.33, a PEG ratio of -0.15 and a beta of 0.43. The company has a current ratio of 1.92, a quick ratio of 3.70 and a debt-to-equity ratio of 10.96.

Insider Buying and Selling

In other Deliveroo news, insider Will Shu sold 4,010,599 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of GBX 156 ($2.02), for a total value of £6,256,534.44 ($8,113,778.29). 23.68% of the stock is currently owned by company insiders.

About Deliveroo

Deliveroo plc, a holding company, operates an online food delivery platform in the United Kingdom, Ireland, France, Italy, Belgium, Hong Kong, Singapore, the United Arab Emirates, Kuwait, and Qatar. The company connects local consumers, shops, riders and restaurants, and grocery partners. Deliveroo plc was founded in 2013 and is based in London, the United Kingdom.