Ocado Group (LON:OCDO) Trading Up 13.3% – Here’s What Happened

Ocado Group plc (LON:OCDO) rose 13.3% on Wednesday . The company traded as high as GBX 284.60 ($3.68) and last traded at GBX 283.10 ($3.67). Approximately 12,073,884 shares changed hands during trading, a decline of 12% from the average daily volume of 13,646,435 shares. The stock had previously closed at GBX 249.80 ($3.23).

Ocado Group Stock Up 1.3 %

The stock has a market cap of £2.47 billion, a P/E ratio of -11.20 and a beta of 1.85. The firm has a 50 day simple moving average of GBX 288.49 and a 200-day simple moving average of GBX 319.02. The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16.

Ocado Group (LON:OCDO) last posted its quarterly earnings results on Friday, March 7th. The company reported GBX (41) (($0.53)) earnings per share for the quarter. Ocado Group had a negative net margin of 7.23% and a negative return on equity of 15.18%.

Insider Activity

In other news, insider Adam Warby acquired 100,000 shares of Ocado Group stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of GBX 225 ($2.91) per share, for a total transaction of £225,000 ($291,299.84). Insiders own 29.45% of the company’s stock.

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.