Deliveroo (LON:ROO) Stock Price Down 2.3% – Here’s What Happened

Deliveroo plc (LON:ROO) shares traded down 2.3% during trading on Friday . The company traded as low as GBX 147.90 ($1.87) and last traded at GBX 147.90 ($1.87). 2,637,675 shares were traded during mid-day trading, a decline of 11% from the average session volume of 2,956,554 shares. The stock had previously closed at GBX 151.40 ($1.91).

Deliveroo Stock Down 2.3 %

The company has a debt-to-equity ratio of 10.96, a current ratio of 1.92 and a quick ratio of 3.70. The company has a market cap of £2.29 billion, a price-to-earnings ratio of 4,930.00, a P/E/G ratio of -0.15 and a beta of 0.43. The firm has a 50-day moving average price of GBX 145.19 and a 200 day moving average price of GBX 142.54.

Insiders Place Their Bets

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 ($1.97), for a total value of £6,256,534.44 ($7,896,673.53). Corporate insiders own 23.68% of the company’s stock.

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.