Ocado Group (LON:OCDO) Trading Up 7.7% – Here’s Why

by · The Cerbat Gem

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

Ocado Group Trading Up 7.7%

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 company has a market capitalization of £1.74 billion, a price-to-earnings ratio of 4.46 and a beta of 1.85. The business has a fifty day moving average price of GBX 212.48 and a 200 day moving average price of GBX 258.53.

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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