Ocado Group (OTCMKTS:OCDDY) Trading Up 2.6% – Here’s Why

Shares of Ocado Group plc (OTCMKTS:OCDDY) rose 2.6% on Friday . The company traded as high as $7.74 and last traded at $7.55. Approximately 15,480 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 35,599 shares. The stock had previously closed at $7.36.

Wall Street Analyst Weigh In

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

Ocado Group Stock Performance

The stock’s 50 day simple moving average is $8.49 and its 200 day simple moving average is $9.01. 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.