Ocado Group (LON:OCDO) Stock Price Up 12.5% - Time to Buy?

Ocado Group plc (LON:OCDO - Get Free Report) shares were up 12.5% during mid-day trading on Thursday . The company traded as high as GBX 267 ($3.59) and last traded at GBX 265 ($3.56). Approximately 23,202,117 shares changed hands 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 stock has a fifty day moving average of GBX 251.39 and a 200-day moving average of 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. The company has a market cap of £2.61 billion, a PE ratio of -11.84 and a beta of 1.85.

About Ocado Group

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.