Ocado Group (OTCMKTS:OCDDY) Shares Up 4.5% – Time to Buy?

Ocado Group (OTCMKTS:OCDDY)’s share price traded up 4.5% during mid-day trading on Friday. The company traded as high as $6.30 and last traded at $6.30. 250 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 9,760 shares. The stock had previously closed at $6.0280.

Wall Street Analysts Forecast Growth

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

Ocado Group Stock Performance

The company’s 50-day moving average price is $5.84 and its 200-day moving average price is $5.40. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.36 and a current ratio of 1.41.

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.