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

Ocado Group (OTCMKTS:OCDDY) gapped up prior to trading on Thursday. The stock had previously closed at $6.0280, but opened at $6.20. Ocado Group shares last traded at $6.08, with a volume of 9,781 shares.

Analyst Upgrades and Downgrades

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

Ocado Group Trading Up 3.3%

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 company has a 50 day moving average of $5.87 and a 200-day moving average of $5.40.

Ocado Group Company Profile

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.