Ocado Group (LON:OCDO) Trading Up 8.1% – Should You Buy?

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

Ocado Group Trading Up 2.5%

The company’s 50 day moving average price is GBX 194.84 and its two-hundred day moving average price is GBX 213.83. The company has a debt-to-equity ratio of 131.70, a current ratio of 2.00 and a quick ratio of 2.82. The stock has a market capitalization of £1.65 billion, a PE ratio of 4.08 and a beta of 2.32.

Ocado Group (LON:OCDO) last posted its quarterly earnings results on Friday, March 6th. The company reported GBX (44.60) earnings per share for the quarter. Ocado Group had a return on equity of 24.47% and a net margin of 29.33%.

Insider Buying and Selling at Ocado Group

In other news, insider Jorn Rausing acquired 910,698 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average cost of GBX 202 per share, for a total transaction of £1,839,609.96. Insiders have bought 911,174 shares of company stock valued at $184,050,978 over the last quarter. 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.