Ocado Group (LON:OCDO) Stock Price Up 18.5% – Here’s Why

Ocado Group plc (LON:OCDO)’s stock price was up 18.5% on Friday . The company traded as high as GBX 279 ($3.75) and last traded at GBX 279 ($3.75). Approximately 10,501,177 shares changed hands during trading, an increase of 18% from the average daily volume of 8,909,338 shares. The stock had previously closed at GBX 235.50 ($3.16).

Ocado Group Price Performance

The company has a market cap of £2.62 billion, a PE ratio of -11.86 and a beta of 1.85. The company’s 50-day simple moving average is GBX 251.39 and its 200 day simple moving average is GBX 275.82. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35.

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.