Ocado Group (OTCMKTS:OCDDY) Stock Price Up 4.5% – Still a Buy?

Ocado Group (OTCMKTS:OCDDY) shares shot up 4.5% on Friday. The company traded as high as $6.30 and last traded at $6.30. Approximately 250 shares traded 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.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded 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, According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Ocado Group Stock Performance

The business has a fifty day moving average of $5.84 and a 200 day moving average of $5.40. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.41 and a quick ratio of 1.36.

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.