Ocado Group (OTCMKTS:OCDDY) Stock Price Down 0.6% – Here’s Why

Shares of Ocado Group plc (OTCMKTS:OCDDY) fell 0.6% during mid-day trading on Thursday . The company traded as low as $8.97 and last traded at $9.01. 3,804 shares were traded during mid-day trading, a decline of 90% from the average session volume of 38,794 shares. The stock had previously closed at $9.07.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein cut Ocado Group from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, October 15th.

Ocado Group Trading Down 2.8 %

The stock’s 50-day simple moving average is $9.38 and its 200 day simple moving average is $9.24. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.35 and a quick ratio of 2.13.

Ocado Group Company Profile

Ocado Group plc, together with its subsidiaries, operates as an online grocery retailer in the United Kingdom and internationally. The company operates in three segments: Technology Solutions, Ocado Logistics, and Ocado Retail. It offers online grocery and general merchandise; and customer fulfillment centers and logistics services.