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

Ocado Group (OTCMKTS:OCDDY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $6.81, but opened at $7.30. Ocado Group shares last traded at $7.3250, with a volume of 481 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded 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, Ocado Group currently has a consensus rating of “Strong Buy”.

Ocado Group Price Performance

The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average price of $6.21 and a two-hundred day moving average price of $5.50.

About Ocado Group

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.