Ocado Group plc (LON:OCDO - Get Free Report)'s share price rose 15.6% during mid-day trading on Wednesday . 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 were traded 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 Stock Down 0.6 %
The firm has a 50 day moving average price of GBX 286.97 and a two-hundred day moving average price of GBX 318.20. The firm has a market capitalization of £2.35 billion, a price-to-earnings ratio of -10.64 and a beta of 1.85. The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 144.16.
Ocado Group (LON:OCDO - Get Free Report) last issued its earnings results on Friday, March 7th. The company reported GBX (41) (($0.53)) EPS for the quarter. Ocado Group had a negative net margin of 7.23% and a negative return on equity of 15.18%.
Insider Transactions at Ocado Group
In other news, insider Adam Warby purchased 100,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price 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.
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.
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