Ocado Group (OTCMKTS:OCDDY) Shares Gap Up – Should You Buy?

Ocado Group (OTCMKTS:OCDDY)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $8.75, but opened at $9.2275. Ocado Group shares last traded at $9.2275, with a volume of 127 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of Ocado Group to a “strong-buy” rating in a research note on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, Ocado Group currently has an average rating of “Strong Buy”.

Ocado Group Price Performance

The company has a 50 day moving average price of $7.22 and a two-hundred day moving average price of $5.93. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.87.

Ocado Group Company Profile

Ocado Group is a British technology company focused on online grocery retail and automated solutions for grocery businesses. Its Ocado Smart Platform combines software, robotics, and automated fulfillment systems to help retailers manage online orders and deliveries. The company also has a 50% stake in Ocado Retail, a UK online grocery business operated as a joint venture with Marks & Spencer. Ocado Retail sells groceries and other products through Ocado.com, including Marks & Spencer food products.