Ocado Group (LON:OCDO) Trading 14.5% Higher - Here's Why

Shares of Ocado Group plc (LON:OCDO - Get Free Report) rose 14.5% during mid-day trading on Wednesday . The company traded as high as GBX 290 ($3.75) and last traded at GBX 286 ($3.70). Approximately 13,318,142 shares changed hands during trading, a decline of 3% from the average daily volume of 13,667,172 shares. The stock had previously closed at GBX 249.80 ($3.23).

Ocado Group Trading Up 1.4 %

The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35. The stock has a fifty day moving average of GBX 287.88 and a 200-day moving average of GBX 318.84. The company has a market cap of £2.47 billion, a PE ratio of -11.21 and a beta of 1.85.

Ocado Group (LON:OCDO - Get Free Report) last posted its quarterly earnings results 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%.

Insiders Place Their Bets

In other Ocado Group news, insider Adam Warby acquired 100,000 shares of Ocado Group stock in a transaction that occurred on Thursday, March 13th. The stock was 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 company insiders.

Ocado Group Company Profile

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.