Ocado Group plc (OTCMKTS:OCDGF – Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.23 and traded as low as $2.5820. Ocado Group shares last traded at $2.5820, with a volume of 210 shares changing hands.
Ocado Group Trading Down 19.8%
The company’s fifty day moving average price is $3.23 and its 200 day moving average price is $496.20.
Ocado Group Company Profile
Ocado Group (OTCMKTS:OCDGF) is a UK-based technology-driven online grocery retailer and solutions provider. The company operates Ocado.com, an e-commerce grocery business offering a full range of fresh and ambient food products directly to consumers. Alongside its retail operations, Ocado Group has developed a suite of proprietary software and automation technologies—ranging from warehouse robotics and artificial intelligence to dynamic routing and order fulfillment systems—which it licenses to international retail partners under the Ocado Smart Platform.
Founded in 2000 by three former Goldman Sachs bankers, Ocado Group initially disrupted the UK grocery market with its home-delivery model.
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