Ocado Group (OTCMKTS:OCDDY – Get Free Report) was upgraded by analysts at Berenberg Bank to a “strong-buy” rating in a report released on Thursday, Zacks reports.
Ocado Group Stock Performance
Shares of OTCMKTS OCDDY opened at $6.00 on Thursday. Ocado Group has a twelve month low of $3.96 and a twelve month high of $8.01. The firm has a fifty day simple moving average of $5.72 and a 200 day simple moving average of $5.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.41 and a quick ratio of 1.36.
About Ocado Group
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.
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