Ocado Group (LON:OCDO) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Ocado Group plc (LON:OCDO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 256.82 and traded as high as GBX 276.54. Ocado Group shares last traded at GBX 267, with a volume of 1,982,082 shares.

Ocado Group Stock Performance

The firm has a market capitalization of £2.25 billion, a PE ratio of 5.78 and a beta of 1.85. 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 business’s fifty day simple moving average is GBX 216.05 and its 200-day simple moving average is GBX 257.19.

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.