Ocado Group (LON:OCDO) Trading 15.6% Higher – Still a Buy?

Ocado Group plc (LON:OCDO)’s share price rose 15.6% during mid-day trading on Thursday . The stock traded as high as GBX 293.58 ($3.78) and last traded at GBX 288.70 ($3.72). Approximately 384,146,594 shares traded hands during trading, an increase of 1,835% from the average daily volume of 19,847,646 shares. The stock had previously closed at GBX 249.80 ($3.22).

Ocado Group Stock Performance

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 stock has a fifty day simple moving average of GBX 289.14 and a 200-day simple moving average of GBX 319.36. The company has a market capitalization of £2.49 billion, a P/E ratio of -11.30 and a beta of 1.85.

Ocado Group (LON:OCDO) last announced 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 net margin of 7.23% and a negative return on equity of 15.18%.

Insider Activity

In other Ocado Group news, insider Adam Warby bought 100,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of GBX 225 ($2.90) per share, for a total transaction of £225,000 ($289,687.14). 29.45% of the stock is currently owned by corporate insiders.

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.