Ocado Group (LON:OCDO) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Key Points

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Ocado Group plc (LON:OCDO - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 281.18 ($3.80) and traded as high as GBX 367.50 ($4.96). Ocado Group shares last traded at GBX 353.30 ($4.77), with a volume of 986,909 shares changing hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their target price on shares of Ocado Group from GBX 400 ($5.40) to GBX 437 ($5.90) and gave the stock an "overweight" rating in a research report on Friday, August 1st.

Ocado Group Stock Performance

The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 144.16. The stock's 50-day simple moving average is GBX 286.87 and its 200-day simple moving average is GBX 281.18. The stock has a market cap of £2.97 billion, a price-to-earnings ratio of -13.45 and a beta of 1.85.

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.

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