Shares of Ocado Group (OTCMKTS:OCDDY – Get Free Report) were up 7% on Tuesday. The stock traded as high as $9.05 and last traded at $9.05. Approximately 4,913 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 9,617 shares. The stock had previously closed at $8.46.
Wall Street Analyst Weigh In
Separately, Berenberg Bank upgraded Ocado Group to a “strong-buy” rating in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, Ocado Group has a consensus rating of “Strong Buy”.
Get Our Latest Stock Analysis on Ocado Group
Ocado Group Price Performance
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 firm’s fifty day simple moving average is $6.63 and its 200-day simple moving average is $5.71.
Ocado Group Company Profile
Ocado Group plc is a United Kingdom-based technology company that develops systems for online grocery retail and logistics. Its business is centered on the Ocado Smart Platform, an end-to-end technology solution designed to support online grocery operations, including customer ordering, automated warehouse fulfillment, inventory management and delivery logistics.
The company provides grocery retailers with automated customer fulfillment centers, robotics, software and associated services.
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