Ocado Group (LON:OCDO) Stock Price Up 7.7% – Should You Buy?

by · The Markets Daily

Ocado Group plc (LON:OCDO – Get Free Report) was up 7.7% on Wednesday . The company traded as high as GBX 235 and last traded at GBX 209.73. Approximately 16,833,814 shares traded hands 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 Stock Performance

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 market cap of £1.86 billion, a PE ratio of 4.78 and a beta of 1.85. The business has a 50 day moving average price of GBX 212.16 and a two-hundred day moving average price of GBX 257.99.

About Ocado Group

(Get Free Report)

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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