Ocado Group (LON:OCDO) Shares Up 14.2% – Here’s What Happened

Shares of Ocado Group plc (LON:OCDO) shot up 14.2% during trading on Friday . The company traded as high as GBX 238 and last traded at GBX 237.72. 219,894,922 shares traded hands during trading, an increase of 870% from the average session volume of 22,659,568 shares. The stock had previously closed at GBX 208.20.

Ocado Group Stock Performance

The company has a debt-to-equity ratio of 131.70, a current ratio of 2.00 and a quick ratio of 2.82. The stock’s 50-day simple moving average is GBX 195.17 and its 200 day simple moving average is GBX 213.66. The stock has a market capitalization of £1.95 billion, a P/E ratio of 4.81 and a beta of 2.32.

Ocado Group (LON:OCDO) last released its quarterly earnings data on Friday, March 6th. The company reported GBX (44.60) EPS for the quarter. Ocado Group had a return on equity of 24.47% and a net margin of 29.33%.

Insider Activity

In other Ocado Group news, insider Jorn Rausing bought 910,698 shares of Ocado Group stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of GBX 202 per share, with a total value of £1,839,609.96. Insiders have bought a total of 911,174 shares of company stock valued at $184,050,978 over the last three months. Insiders own 36.12% of the company’s stock.

About Ocado Group

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.