Berenberg Bank upgraded shares of Ocado Group (OTCMKTS:OCDDY – Free Report) to a strong-buy rating in a research note published on Thursday,Zacks reports.
Ocado Group Stock Performance
OCDDY opened at $6.00 on Thursday. Ocado Group has a 12-month low of $3.96 and a 12-month high of $8.01. 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 stock’s 50 day moving average price is $5.72 and its two-hundred day moving average price is $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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