Ocado Group (OTCMKTS:OCDDY) Shares Gap Up – What’s Next?

Shares of Ocado Group (OTCMKTS:OCDDY) gapped up before the market opened on Wednesday. The stock had previously closed at $6.81, but opened at $7.30. Ocado Group shares last traded at $7.3250, with a volume of 481 shares traded.

Analyst Upgrades and Downgrades

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

Ocado Group Stock Up 7.9%

The business’s fifty day moving average price is $6.12 and its 200-day moving average price is $5.47. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.87.

About Ocado Group

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.