Ocado Group (LON:OCDO) Shares Up 14.2% – Here’s What Happened

Ocado Group plc (LON:OCDO) shot up 14.2% during mid-day trading on Friday . The company traded as high as GBX 238 and last traded at GBX 237.72. 219,894,922 shares traded hands during mid-day trading, an increase of 870% from the average session volume of 22,659,568 shares. The stock had previously closed at GBX 208.20.

Ocado Group Stock Up 12.6%

The company has a quick ratio of 2.82, a current ratio of 2.00 and a debt-to-equity ratio of 131.70. The stock’s fifty day moving average price is GBX 195.17 and its 200-day moving average price is GBX 213.66. The company has a market capitalization of £1.95 billion, a price-to-earnings ratio of 4.81 and a beta of 2.32.

Ocado Group (LON:OCDO) last released its earnings results on Friday, March 6th. The company reported GBX (44.60) earnings per share for the quarter. Ocado Group had a net margin of 29.33% and a return on equity of 24.47%.

Insider Buying and Selling at Ocado Group

In other news, insider Jorn Rausing bought 910,698 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average cost of GBX 202 per share, with a total value of £1,839,609.96. Insiders have acquired 911,174 shares of company stock valued at $184,050,978 over the last three months. 36.12% of the stock is currently owned by company insiders.

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.