Ocado Group (LON:OCDO) Stock Price Up 15.6% - Here's What Happened

Shares of Ocado Group plc (LON:OCDO - Get Free Report) rose 15.6% during trading on Thursday . The stock traded as high as GBX 293.58 ($3.79) 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 firm has a market cap of £2.36 billion, a P/E ratio of -10.71 and a beta of 1.85. The firm's fifty day simple moving average is GBX 286.97 and its 200 day simple moving average is GBX 318.20. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35.

Ocado Group (LON:OCDO - Get Free Report) last posted its earnings results on Friday, March 7th. The company reported GBX (41) (($0.53)) earnings per share for the quarter. Ocado Group had a negative return on equity of 15.18% and a negative net margin of 7.23%.

Insider Buying and Selling at Ocado Group

In related news, insider Adam Warby bought 100,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of GBX 225 ($2.91) per share, for a total transaction of £225,000 ($290,697.67). Company insiders own 29.45% of the company's stock.

About Ocado Group

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.