Ocado Group (OTCMKTS:OCDDY – Get Free Report)’s share price 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.
Wall Street Analyst Weigh In
Separately, Berenberg Bank upgraded shares of Ocado Group to a “strong-buy” rating in a report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.
Check Out Our Latest Report on Ocado Group
Ocado Group Stock Performance
The company’s fifty day simple moving average is $6.46 and its 200-day simple moving average is $5.62. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.87.
Ocado Group Company Profile
Ocado Group plc is a United Kingdom-based technology company that develops systems for online grocery retail. Its business is centered on the Ocado Smart Platform, an end-to-end solution that combines e-commerce software, automated customer fulfillment centers, robotics, warehouse-management technology and delivery logistics.
The company provides grocery retailers with the technology and automation needed to operate online shopping services, including order processing, inventory management, warehouse automation and last-mile delivery capabilities.
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