Ocado Group (OTCMKTS:OCDDY) Shares Gap Up – Here’s Why

Ocado Group (OTCMKTS:OCDDYGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $5.67, but opened at $6.02. Ocado Group shares last traded at $6.00, with a volume of 204 shares changing hands.

Ocado Group Stock Up 5.8%

The stock’s fifty day moving average price is $5.66 and its two-hundred day moving average price is $5.37. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.87.

Ocado Group Company Profile

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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

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