Ocado Group (OTCMKTS:OCDDY – Get Free Report)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $8.98, but opened at $8.52. Ocado Group shares last traded at $8.55, with a volume of 211 shares changing hands.
Analyst Ratings Changes
Separately, Berenberg Bank raised Ocado Group to a “strong-buy” rating in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the company has an average rating of “Strong Buy”.
Read Our Latest Analysis on Ocado Group
Ocado Group Stock Down 4.7%
The company’s 50-day simple moving average is $6.99 and its 200 day simple moving average is $5.89. 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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