Ocado Group (OTCMKTS:OCDGF) Stock Jumps 5.1% – Time to Buy?

Ocado Group plc (OTCMKTS:OCDGF – Get Free Report)’s share price shot up 5.1% during mid-day trading on Friday. The company traded as high as $3.73 and last traded at $3.73. 263 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 10,540 shares. The stock had previously closed at $3.55.

Ocado Group Stock Up 5.1%

The firm’s fifty day moving average price is $3.20 and its 200 day moving average price is $2.79.

About Ocado Group

(Get Free Report)

Ocado Group plc is a United Kingdom-based technology company specializing in online grocery retail and automated fulfillment. Founded in 2000, the company initially operated as an online grocery retailer in the UK before shifting its primary focus toward supplying technology, automation and logistics solutions to grocery businesses.

Its main offering is the Ocado Smart Platform, an end-to-end system that supports online grocery operations, including e-commerce websites and applications, order management, warehouse automation, robotics, inventory control and delivery logistics.

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