Ocado Group (LON:OCDO) Stock Price Up 7.7% – Still a Buy?

Ocado Group plc (LON:OCDO – Get Free Report) shares traded up 7.7% during trading on Wednesday . The stock traded as high as GBX 235 and last traded at GBX 209.73. 16,833,814 shares were traded during mid-day trading, an increase of 126% from the average session volume of 7,452,555 shares. The stock had previously closed at GBX 194.75.

Ocado Group Price Performance

The business’s 50 day moving average is GBX 212.48 and its two-hundred day moving average is GBX 258.53. 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 firm has a market capitalization of £1.74 billion, a PE ratio of 4.46 and a beta of 1.85.

Ocado Group Company Profile

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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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