Ocado Group (OTCMKTS:OCDDY) Reaches New 12-Month High – Time to Buy?

Ocado Group (OTCMKTS:OCDDY)’s share price hit a new 52-week high on Thursday. The company traded as high as $8.07 and last traded at $8.07, with a volume of 100 shares traded. The stock had previously closed at $7.76.

Analysts Set New Price Targets

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 MarketBeat, Ocado Group presently has a consensus rating of “Strong Buy”.

Ocado Group Price Performance

The business has a 50-day moving average of $6.38 and a 200 day moving average of $5.58. 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. 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.