Ocado Group (LON:OCDO) Stock Price Up 15.6% – Here’s Why

Shares of Ocado Group plc (LON:OCDO) traded up 15.6% 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 traded hands during 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 Stock Up 15.6 %

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 stock has a fifty day moving average price of GBX 289.69 and a two-hundred day moving average price of GBX 319.73. The firm has a market capitalization of £2.42 billion, a P/E ratio of -10.99 and a beta of 1.85.

Ocado Group (LON:OCDO) last released its earnings results on Friday, March 7th. The company reported GBX (41) (($0.53)) EPS for the quarter. Ocado Group had a negative return on equity of 15.18% and a negative net margin of 7.23%.

Insider Transactions at Ocado Group

In related news, insider Adam Warby acquired 100,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of GBX 225 ($2.91) per share, with a total value of £225,000 ($291,299.84). 29.45% of the stock is currently owned by corporate insiders.

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.