Ocado Group (OTCMKTS:OCDDY) Shares Climb 7% – Should You Buy?

Ocado Group (OTCMKTS:OCDDY)’s share price was up 7% on Tuesday. The stock traded as high as $9.05 and last traded at $9.05. 4,913 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 9,617 shares. The stock had previously closed at $8.46.

Analyst Ratings Changes

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

Ocado Group Price Performance

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 fifty day moving average price of $6.52 and a two-hundred day moving average price of $5.65.

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.