Shares of Ocado Group plc (LON:OCDO – Get Free Report) shot up 11.2% on Friday . The company 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 firm has a market cap of £2.61 billion, a price-to-earnings ratio of -11.84 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. The stock has a 50-day moving average price of GBX 252.36 and a 200 day moving average price of GBX 275.70.
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.
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