Ocado Group (LON:OCDO) Trading 14.5% Higher – Still a Buy?

Shares of Ocado Group plc (LON:OCDO) shot up 14.5% during mid-day trading on Wednesday . The company traded as high as GBX 290 ($3.75) and last traded at GBX 286 ($3.70). 13,318,142 shares changed hands during trading, a decline of 3% from the average session volume of 13,667,172 shares. The stock had previously closed at GBX 249.80 ($3.23).

Ocado Group Stock Performance

The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16. The company has a market capitalization of £2.43 billion, a PE ratio of -11.00 and a beta of 1.85. The company has a 50-day moving average price of GBX 289.69 and a two-hundred day moving average price of GBX 319.73.

Ocado Group (LON:OCDO) last issued its quarterly earnings data 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 Ocado Group news, insider Adam Warby purchased 100,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of GBX 225 ($2.91) per share, for a total transaction of £225,000 ($291,299.84). Insiders own 29.45% of the company’s stock.

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.