Shares of Ocado Group (OTCMKTS:OCDDY – Get Free Report) were down 5.3% during mid-day trading on Tuesday . The company traded as low as $5.47 and last traded at $5.47. 2,146 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 10,351 shares. The stock had previously closed at $5.7750.
Ocado Group Stock Down 5.1%
The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.36 and a current ratio of 1.41. The stock’s fifty day moving average price is $5.06 and its two-hundred day moving average price is $5.46.
Ocado Group Company Profile
Ocado Group plc is a leading global online grocery retailer and technology provider. Founded in 2000 by three former investment bankers, the company pioneered the use of automated warehouses to fulfill online grocery orders in the United Kingdom. Ocado operates a UK retail platform under the Ocado.com brand, offering grocery delivery services to consumers through a network of highly automated customer fulfillment centers. Its proprietary Ocado Smart Platform (OSP) integrates warehouse automation, software, and robotics to manage inventory, order dispatch, and route planning.
Beyond its UK retail operations, Ocado leverages its OSP through licensing agreements with major supermarket chains worldwide.
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