Ocado Group (OTCMKTS:OCDDY) Shares Gap Up – Still a Buy?

Shares of Ocado Group (OTCMKTS:OCDDY – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $6.0280, but opened at $6.20. Ocado Group shares last traded at $6.08, with a volume of 9,781 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded shares of Ocado Group to a “strong-buy” rating in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

View Our Latest Analysis on OCDDY

Ocado Group Trading Up 0.9%

The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.87. The stock’s fifty day moving average price is $5.80 and its 200-day moving average price is $5.39.

Ocado Group Company Profile

(Get Free Report)

Ocado Group plc is a U.K.-based technology company specializing in online grocery retail and automated fulfillment. Its core offering, the Ocado Smart Platform, combines e-commerce software, warehouse automation, robotics, artificial intelligence and logistics systems to help grocery retailers operate online businesses and fulfill customer orders efficiently.

The company develops and operates highly automated customer fulfillment centers, supported by proprietary technologies such as robotic systems, inventory management tools, order-processing software and delivery-routing capabilities.

Further Reading

Receive News & Ratings for Ocado Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocado Group and related companies with MarketBeat.com's FREE daily email newsletter.