Ocado Group (LON:OCDO) Trading 11.2% Higher - Here's What Happened

Ocado Group plc (LON:OCDO - Get Free Report) shot up 11.2% on Friday . The company traded as high as GBX 313 ($4.22) and last traded at GBX 310.18 ($4.18). 29,420,367 shares changed hands during mid-day trading, an increase of 225% from the average session volume of 9,057,970 shares. The stock had previously closed at GBX 279 ($3.76).

Ocado Group Stock Up 1.4%

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 capitalization of £2.65 billion, a PE ratio of -12.00 and a beta of 1.85. The stock's 50 day moving average is GBX 252.36 and its 200 day moving average is GBX 275.42.

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.