Ocado Group plc (LON:OCDO - Get Free Report)'s stock price rose 13.3% on Wednesday . The company traded as high as GBX 284.60 ($3.68) and last traded at GBX 283.10 ($3.66). Approximately 12,073,884 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 13,646,435 shares. The stock had previously closed at GBX 249.80 ($3.23).
Ocado Group Stock Up 1.4 %
The company's 50 day simple moving average is GBX 287.88 and its 200-day simple moving average is GBX 318.84. The firm has a market cap of £2.47 billion, a P/E ratio of -11.21 and a beta of 1.85. The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 144.16.
Ocado Group (LON:OCDO - Get Free Report) last issued its quarterly earnings data on Friday, March 7th. The company reported GBX (41) (($0.53)) earnings per share for the quarter. Ocado Group had a negative net margin of 7.23% and a negative return on equity of 15.18%.
Insider Buying and Selling
In other Ocado Group news, insider Adam Warby acquired 100,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of GBX 225 ($2.91) per share, with a total value of £225,000 ($291,224.44). 29.45% of the stock is currently owned by corporate insiders.
About Ocado Group
(
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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.
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