Ocado Group (OTCMKTS:OCDDY) Stock Price Up 6.5% – Time to Buy?

Ocado Group (OTCMKTS:OCDDY) traded up 6.5% during mid-day trading on Thursday. The stock traded as high as $7.36 and last traded at $7.36. 2,356 shares changed hands 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.

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 investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Ocado Group presently has a consensus rating of “Strong Buy”.

Ocado Group Price Performance

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 firm has a fifty day moving average price of $6.17 and a 200-day moving average price of $5.48.

Ocado Group Company Profile

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.