Ocado Group (OTCMKTS:OCDDY) Shares Gap Up – What’s Next?

Ocado Group (OTCMKTS:OCDDY) gapped up before the market opened on Tuesday. The stock had previously closed at $8.75, but opened at $9.2275. Ocado Group shares last traded at $9.2275, with a volume of 127 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded Ocado Group to a “strong-buy” rating in a report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, Ocado Group currently has an average rating of “Strong Buy”.

Ocado Group Stock Down 0.7%

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 company’s 50-day moving average price is $7.34 and its 200-day moving average price is $5.95.

About Ocado Group

Ocado Group is a British technology company focused on online grocery retail and automated solutions for grocery businesses. Its Ocado Smart Platform combines software, robotics, and automated fulfillment systems to help retailers manage online orders and deliveries. The company also has a 50% stake in Ocado Retail, a UK online grocery business operated as a joint venture with Marks & Spencer. Ocado Retail sells groceries and other products through Ocado.com, including Marks & Spencer food products.