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 were traded during 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 Trading Down 4.4 %
The company's 50 day simple moving average is GBX 286.97 and its two-hundred day simple moving average is GBX 318.20. The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16. The company has a market capitalization of £2.36 billion, a price-to-earnings ratio of -10.71 and a beta of 1.85.
Ocado Group (LON:OCDO - Get Free Report) last issued its quarterly 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%.
Insiders Place Their Bets
In other Ocado Group news, insider Adam Warby purchased 100,000 shares of Ocado Group stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of GBX 225 ($2.91) per share, with a total value of £225,000 ($290,697.67). Corporate insiders own 29.45% of the company's stock.
About Ocado Group
(
Get Free Report)
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.
See Also
Before you consider Ocado Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ocado Group wasn't on the list.
While Ocado Group currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
