Ocado Group (OTCMKTS:OCDDY – Get Free Report) was upgraded by analysts at Berenberg Bank to a “strong-buy” rating in a note issued to investors on Thursday, Zacks reports.
Ocado Group Stock Performance
Shares of OCDDY stock opened at $6.00 on Thursday. Ocado Group has a 52 week low of $3.96 and a 52 week high of $8.01. 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 50 day moving average of $5.72 and a 200-day moving average of $5.37.
About Ocado Group
Ocado Group plc is a U.K.-based technology company specializing in online grocery retail and automated fulfillment. Its core offering, the Ocado Smart Platform, combines e-commerce software, warehouse automation, robotics, artificial intelligence and logistics systems to help grocery retailers operate online businesses and fulfill customer orders efficiently.
The company develops and operates highly automated customer fulfillment centers, supported by proprietary technologies such as robotic systems, inventory management tools, order-processing software and delivery-routing capabilities.
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