Ocado Group (LON:OCDO) Stock Price Up 1.2% – Here’s Why

Ocado Group plc (LON:OCDO) shares shot up 1.2% during mid-day trading on Friday . The stock traded as high as GBX 322.30 ($4.11) and last traded at GBX 317.50 ($4.05). 1,312,523 shares changed hands during trading, a decline of 76% from the average session volume of 5,423,965 shares. The stock had previously closed at GBX 313.80 ($4.00).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “not rated” rating on shares of Ocado Group in a research report on Thursday, September 19th.

Ocado Group Stock Up 1.2 %

The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 143.47. The firm has a market capitalization of £2.61 billion, a price-to-earnings ratio of -1,221.15 and a beta of 1.85. The stock has a 50 day moving average of GBX 350.76 and a 200 day moving average of GBX 356.02.

About Ocado Group

Ocado Group plc, together with its subsidiaries, operates as an online grocery retailer in the United Kingdom and internationally. The company operates in three segments: Technology Solutions, Ocado Logistics, and Ocado Retail. It offers online grocery and general merchandise; and customer fulfillment centers and logistics services.