Ocado Group (OTCMKTS:OCDDY – Get Free Report)’s share price gapped up prior to trading 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 Analysts Forecast Growth
Separately, Berenberg Bank raised shares of Ocado Group to a “strong-buy” rating in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.
Check Out Our Latest Stock Analysis on Ocado Group
Ocado Group Stock Performance
The stock’s 50 day simple moving average is $6.46 and its 200 day simple moving average is $5.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.41 and a quick ratio of 1.36.
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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