Ocado Group plc (LON:OCDO - Get Free Report) shares rose 15.6% during mid-day trading on Thursday . The company 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 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 Stock Down 4.4 %
The firm has a market capitalization of £2.36 billion, a price-to-earnings ratio of -10.71 and a beta of 1.85. The business has a 50 day moving average of GBX 286.97 and a 200 day moving average of GBX 318.20. The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82.
Ocado Group (LON:OCDO - Get Free Report) last posted its quarterly earnings results on Friday, March 7th. The company reported GBX (41) (($0.53)) earnings per share (EPS) 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 other Ocado Group news, insider Adam Warby bought 100,000 shares of Ocado Group stock in a transaction dated 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 ($290,697.67). Company insiders own 29.45% of the company's stock.
Ocado Group Company Profile
(
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.
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