Ocado Group (LON:OCDO) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Ocado Group plc (LON:OCDO) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 256.82 and traded as high as GBX 276.54. Ocado Group shares last traded at GBX 267, with a volume of 1,982,082 shares.

Ocado Group Stock Up 0.0%

The company has a market cap of £2.21 billion, a P/E ratio of 5.68 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 fifty day moving average price of GBX 214.95 and a two-hundred day moving average price of GBX 256.82.

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.