Ocado Group (LON:OCDO) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Ocado Group's share price has surpassed its 200-day moving average, reaching a high of GBX 347.20 ($4.67) during trading.
• The company currently has a market capitalization of £2.90 billion and a price-to-earnings ratio of -13.16.
• Ocado Group is a UK-based technology company that provides end-to-end online grocery fulfilment solutions through its Ocado Smart Platform.

Ocado Group plc (LON:OCDO - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 276.70 ($3.70) and traded as high as GBX 347.20 ($4.64). Ocado Group shares last traded at GBX 345.69 ($4.62), with a volume of 2,292,726 shares traded.

Ocado Group Stock Down 1.9%

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 cap of £2.64 billion, a PE ratio of -11.97 and a beta of 1.85. The business has a 50-day simple moving average of GBX 259.94 and a 200-day simple moving average of GBX 276.94.

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.