Ocado Group plc (LON:OCDO - Get Free Report)'s stock price shot up 15.6% during mid-day trading on Wednesday . The stock traded as high as GBX 293.58 ($3.80) and last traded at GBX 288.70 ($3.74). 384,146,594 shares changed hands during mid-day trading, an increase of 1,835% from the average session 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 quick ratio of 2.82 and a current ratio of 2.35. The firm has a fifty day simple moving average of GBX 287.88 and a 200 day simple moving average of GBX 318.84. The company has a market capitalization of £2.47 billion, a PE ratio of -11.21 and a beta of 1.85.
Ocado Group (LON:OCDO - Get Free Report) last released 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 return on equity of 15.18% and a negative net margin of 7.23%.
Insider Activity
In other news, insider Adam Warby purchased 100,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of GBX 225 ($2.91) per share, with a total value of £225,000 ($291,224.44). Company 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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