Ocado Group (LON:OCDO) Trading 9.3% Higher - Still a Buy?

Ocado Group plc (LON:OCDO - Get Free Report)'s share price was up 9.3% during trading on Friday . The stock traded as high as GBX 312.80 ($4.20) and last traded at GBX 304.90 ($4.09). Approximately 27,799,322 shares were traded during mid-day trading, an increase of 207% from the average daily volume of 9,046,224 shares. The stock had previously closed at GBX 279 ($3.74).

Ocado Group Trading Up 11.5%

The company has a 50 day moving average of GBX 252.36 and a 200-day moving average of GBX 275.88. 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 stock has a market cap of £2.61 billion, a price-to-earnings 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.