Deliveroo (LON:ROO) Trading 0.1% Higher – Still a Buy?

Deliveroo plc (LON:ROO)’s stock price was up 0.1% during mid-day trading on Wednesday . The stock traded as high as GBX 176 ($2.36) and last traded at GBX 175.62 ($2.36). Approximately 98,791,805 shares changed hands during mid-day trading, an increase of 764% from the average daily volume of 11,429,973 shares. The stock had previously closed at GBX 175.50 ($2.36).

Deliveroo Trading Up 0.1%

The firm has a market cap of £2.60 billion, a price-to-earnings ratio of 357.14, a price-to-earnings-growth 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. The company has a 50 day moving average of GBX 164.55 and a 200 day moving average of GBX 144.51.

Insider Buying and Selling

In related news, insider Will Shu sold 2,909,118 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of GBX 175 ($2.35), for a total value of £5,090,956.50 ($6,831,664.65). 23.68% of the stock is currently owned by corporate insiders.

Deliveroo Company Profile

Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. Deliveroo works with approximately 180,000 best-loved restaurant, grocery and retail partners, as well as over 140,000 riders to provide the best delivery experience in the world. Deliveroo is headquartered in London, with offices around the globe.