Ocado Group (OTCMKTS:OCDDY – Get Free Report) reached a new 52-week high during trading on Wednesday. The company traded as high as $9.4350 and last traded at $9.29, with a volume of 50,503 shares changing hands. The stock had previously closed at $8.46.
Wall Street Analyst Weigh In
Separately, Berenberg Bank raised shares of Ocado Group to a “strong-buy” rating in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.
Check Out Our Latest Stock Report on OCDDY
Ocado Group Stock Performance
The business’s fifty day moving average price is $6.67 and its 200 day moving average price is $5.74. 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 and logistics. Its business is centered on the Ocado Smart Platform, an end-to-end technology solution designed to support online grocery operations, including customer ordering, automated warehouse fulfillment, inventory management and delivery logistics.
The company provides grocery retailers with automated customer fulfillment centers, robotics, software and associated services.
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