Ocado Group (OTCMKTS:OCDDY) Stock Jumps 6.5% – What’s Next?

Ocado Group (OTCMKTS:OCDDY)’s stock price traded up 6.5% on Thursday. The company traded as high as $7.36 and last traded at $7.36. Approximately 2,356 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 9,659 shares. The stock had previously closed at $6.9116.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded shares of 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 data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Ocado Group Trading Down 2.8%

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 business’s fifty day moving average is $6.17 and its 200 day moving average is $5.48.

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.