Ocado Group (LON:OCDO) Shares Up 12.5% - Still a Buy?

Ocado Group plc (LON:OCDO - Get Free Report)'s share price was up 12.5% during mid-day trading on Thursday . The stock traded as high as GBX 271.90 ($3.65) and last traded at GBX 264.90 ($3.55). Approximately 25,134,230 shares were traded during mid-day trading, an increase of 179% from the average daily volume of 9,016,148 shares. The stock had previously closed at GBX 235.50 ($3.16).

Ocado Group Stock Up 11.5%

The firm's fifty day moving average price is GBX 252.36 and its 200-day moving average price is 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. The firm has a market capitalization of £2.61 billion, a P/E ratio of -11.84 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.