Ocado Group (OTCMKTS:OCDDY – Get Free Report)’s stock 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 trading hands.
Analysts Set New Price Targets
Separately, Berenberg Bank upgraded Ocado Group to a “strong-buy” rating in a research report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, Ocado Group currently has a consensus rating of “Strong Buy”.
Check Out Our Latest Report on OCDDY
Ocado Group Stock Performance
The firm’s fifty day moving average price is $6.99 and its 200 day moving average price is $5.89. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.36 and a current ratio of 1.41.
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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