Ocado Group (LON:OCDO) Shares Up 7.7% – Here’s Why

Ocado Group plc (LON:OCDO)’s stock price traded up 7.7% during mid-day trading on Wednesday . The company traded as high as GBX 235 and last traded at GBX 209.73. 16,833,814 shares traded hands during mid-day trading, an increase of 126% from the average session volume of 7,452,555 shares. The stock had previously closed at GBX 194.75.

Ocado Group Price Performance

The stock has a market cap of £1.74 billion, a price-to-earnings ratio of 4.46 and a beta of 1.85. The company’s 50 day moving average is GBX 212.48 and its 200 day moving average is GBX 258.53. 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 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.