Ocado Group plc (LON:OCDO - Get Free Report)'s share price rose 15.6% on Wednesday . The company traded as high as GBX 293.58 ($3.80) and last traded at GBX 288.70 ($3.73). Approximately 384,146,594 shares traded hands during mid-day trading, an increase of 1,835% from the average daily volume of 19,847,646 shares. The stock had previously closed at GBX 249.80 ($3.23).
Ocado Group Price Performance
The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82. The business's fifty day moving average price is GBX 287.88 and its 200-day moving average price is GBX 318.84. The stock has a market capitalization of £2.47 billion, a price-to-earnings ratio of -11.21 and a beta of 1.85.
Ocado Group (LON:OCDO - Get Free Report) last issued its quarterly earnings data on Friday, March 7th. The company reported GBX (41) (($0.53)) EPS for the quarter. Ocado Group had a negative return on equity of 15.18% and a negative net margin of 7.23%.
Insider Transactions at Ocado Group
In related news, insider Adam Warby purchased 100,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of GBX 225 ($2.91) per share, with a total value of £225,000 ($290,923.20). Corporate insiders own 29.45% of the company's stock.
Ocado Group Company Profile
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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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