Ocado Group (LON:OCDO) Trading 8.1% Higher – Here’s What Happened

Shares of Ocado Group plc (LON:OCDO) shot up 8.1% on Monday . The company traded as high as GBX 202.20 and last traded at GBX 198.40. 4,371,736 shares were traded during mid-day trading, a decline of 80% from the average session volume of 22,116,842 shares. The stock had previously closed at GBX 183.60.

Ocado Group Trading Up 8.1%

The firm has a market cap of £1.65 billion, a PE ratio of 4.07 and a beta of 2.32. The business has a 50-day moving average price of GBX 194.64 and a two-hundred day moving average price of GBX 214.02. The company has a debt-to-equity ratio of 131.70, a current ratio of 2.00 and a quick ratio of 2.82.

Ocado Group (LON:OCDO) last announced its quarterly 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 purchased 910,698 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average price of GBX 202 per share, for a total transaction of £1,839,609.96. Insiders acquired a total of 911,012 shares of company stock valued at $184,021,008 in the last three months. Company insiders own 36.12% of the company’s stock.

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.