Ocado Group (LON:OCDO) Trading 18.5% Higher - Here's Why

Ocado Group plc (LON:OCDO - Get Free Report) shares traded up 18.5% on Thursday . The stock traded as high as GBX 279 ($3.74) and last traded at GBX 279 ($3.74). 10,501,172 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 8,909,338 shares. The stock had previously closed at GBX 235.50 ($3.16).

Ocado Group Stock Performance

The stock has a market capitalization of £2.61 billion, a P/E ratio of -11.84 and a beta of 1.85. The firm has a 50-day moving average of GBX 252.36 and a 200 day moving average of GBX 275.88. The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16.

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.