Ocado Group plc (LON:OCDO) Insider Acquires £225,000 in Stock

Ocado Group plc (LON:OCDO) insider Adam Warby acquired 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of GBX 225 ($2.91) per share, with a total value of £225,000 ($291,036.09).

Ocado Group Stock Performance

Shares of Ocado Group stock opened at GBX 238.80 ($3.09) on Friday. The firm has a market capitalization of £2.00 billion, a P/E ratio of -9.09 and a beta of 1.85. The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16. The company has a 50 day moving average price of GBX 294.23 and a 200 day moving average price of GBX 325.01. Ocado Group plc has a 52 week low of GBX 222.10 ($2.87) and a 52 week high of GBX 496.30 ($6.42).

Ocado Group (LON:OCDO) last posted its quarterly earnings results on Friday, March 7th. The company reported GBX (41) (($0.53)) earnings per share (EPS) for the quarter. Ocado Group had a negative return on equity of 15.18% and a negative net margin of 7.23%.

Ocado Group Company Profile

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.