Ocado Group (OTCMKTS:OCDDY) Shares Climb 7% – Should You Buy?

Shares of Ocado Group (OTCMKTS:OCDDY) were up 7% on Tuesday. The stock traded as high as $9.05 and last traded at $9.05. Approximately 4,913 shares were traded during trading, a decline of 49% from the average session volume of 9,617 shares. The stock had previously closed at $8.46.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised Ocado Group to a “strong-buy” rating in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Ocado Group Stock Up 9.8%

The company has a debt-to-equity ratio of 0.87, a current ratio of 1.41 and a quick ratio of 1.36. The firm’s fifty day moving average price is $6.52 and its 200-day moving average price is $5.65.

About Ocado Group

Ocado Group plc is a United Kingdom-based technology company that develops systems for online grocery retail. Its business is centered on the Ocado Smart Platform, an end-to-end solution that combines e-commerce software, automated customer fulfillment centers, robotics, warehouse-management technology and delivery logistics.

The company provides grocery retailers with the technology and automation needed to operate online shopping services, including order processing, inventory management, warehouse automation and last-mile delivery capabilities.