Ocado Group plc (LON:OCDO - Get Free Report) shares rose 18.5% during trading on Thursday . The stock traded as high as GBX 279 ($3.75) and last traded at GBX 279 ($3.75). Approximately 10,501,177 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 8,909,338 shares. The stock had previously closed at GBX 235.50 ($3.16).
Ocado Group Price Performance
The business's 50-day simple moving average is GBX 251.39 and its two-hundred day simple moving average is GBX 275.82. The stock has a market cap of £2.62 billion, a price-to-earnings ratio of -11.86 and a beta of 1.85. 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
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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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