Ocado Group (LON:OCDO) Trading 12.5% Higher - Here's Why

Shares of Ocado Group plc (LON:OCDO - Get Free Report) rose 12.5% during trading on Thursday . The company traded as high as GBX 267 ($3.58) and last traded at GBX 265 ($3.55). Approximately 23,202,117 shares were traded during trading, an increase of 158% from the average daily volume of 9,002,046 shares. The stock had previously closed at GBX 235.50 ($3.16).

Ocado Group Trading Up 11.5%

The company has a market capitalization of £2.61 billion, a price-to-earnings ratio of -11.84 and a beta of 1.85. The business has a fifty day moving average price of GBX 252.36 and a 200 day moving average price of GBX 275.70. The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82.

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.