Ocado Group (OTCMKTS:OCDDY) Shares Gap Up – Here’s Why

Ocado Group (OTCMKTS:OCDDY)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $8.75, but opened at $9.2275. Ocado Group shares last traded at $9.2275, with a volume of 127 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised 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. Based on data from MarketBeat, Ocado Group currently has an average rating of “Strong Buy”.

Ocado Group Trading Up 5.9%

The stock has a fifty day moving average of $7.22 and a 200 day moving average of $5.93. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.87.

About Ocado Group

Ocado Group is a British technology company focused on online grocery retail and automated solutions for grocery businesses. Its Ocado Smart Platform combines software, robotics, and automated fulfillment systems to help retailers manage online orders and deliveries. The company also has a 50% stake in Ocado Retail, a UK online grocery business operated as a joint venture with Marks & Spencer. Ocado Retail sells groceries and other products through Ocado.com, including Marks & Spencer food products.