Ocado Group (LON:OCDO) Shares Up 7.7% - Here's What Happened

Shares of Ocado Group plc (LON:OCDO - Get Free Report) shot up 7.7% on Wednesday . The company traded as high as GBX 235 and last traded at GBX 209.73. 16,833,814 shares traded hands during trading, an increase of 126% from the average session volume of 7,452,555 shares. The stock had previously closed at GBX 194.75.Ocado Group Price PerformanceThe company has a market capitalization of £1.74 billion, a price-to-earnings ratio of 4.46 and a beta of 1.85. The company has a 50-day moving average price of GBX 212.48 and a 200-day moving average price of GBX 258.53. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35.About Ocado Group (Get Free Report)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.See AlsoFive stocks we like better than Ocado GroupOptions Trading - Understanding Strike PriceMarket Momentum: 3 Stocks Poised for Major BreakoutsDo Real Estate Investment Trusts Deserve a Place in Your Portfolio?3 Reasons Casey’s General Stores Will Continue Trending HigherWhat is the S&P/TSX Index?Golden Cross Alert: 3 Stocks With Major Upside PotentialThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ocado Group Right Now?Before you consider Ocado Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ocado Group wasn't on the list.While Ocado Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here