Ocado Group plc (LON:OCDO – Get Free Report) traded up 18.5% during mid-day trading on Friday . The stock traded as high as GBX 279 ($3.74) and last traded at GBX 279 ($3.74). 10,501,177 shares traded hands during 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 Up 11.5%
The firm’s 50-day moving average is GBX 252.36 and its two-hundred day moving average is GBX 275.70. 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 P/E ratio of -11.84 and a beta of 1.85.
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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