Shares of Ocado Group (OTCMKTS:OCDDY – Get Free Report) gapped up prior to trading on Thursday after Berenberg Bank upgraded the stock to a strong-buy rating. The stock had previously closed at $5.67, but opened at $6.02. Ocado Group shares last traded at $6.00, with a volume of 204 shares.
Ocado Group Price Performance
The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.36 and a current ratio of 1.41. The stock has a 50 day simple moving average of $5.72 and a 200-day simple moving average of $5.37.
About Ocado Group
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.
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