Ocado Group (LON:OCDO) Shares Up 11.2% - Still a Buy?

Shares of Ocado Group plc (LON:OCDO - Get Free Report) shot up 11.2% during trading on Friday . The stock traded as high as GBX 313 ($4.20) and last traded at GBX 310.18 ($4.16). 29,420,367 shares changed hands during trading, an increase of 225% from the average session volume of 9,057,970 shares. The stock had previously closed at GBX 279 ($3.74).

Ocado Group Price Performance

The stock has a 50 day moving average price of GBX 251.39 and a two-hundred day moving average price of GBX 275.82. The company has a market capitalization of £2.61 billion, a PE ratio of -11.84 and a beta of 1.85. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35.

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.