Ocado Group (OTCMKTS:OCDDY – Get Free Report) shares gapped up before the market opened on Monday. The stock had previously closed at $7.6955, but opened at $8.1450. Ocado Group shares last traded at $8.1925, with a volume of 547 shares traded.
Analysts Set New Price Targets
Separately, Berenberg Bank raised Ocado Group to a “strong-buy” rating in a research report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the company has an average rating of “Strong Buy”.
View Our Latest Stock Analysis on OCDDY
Ocado Group Price Performance
The company has a debt-to-equity ratio of 0.87, a current ratio of 1.41 and a quick ratio of 1.36. The company’s 50-day moving average is $6.59 and its 200 day moving average is $5.68.
About Ocado Group
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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