Ocado Group (OTCMKTS:OCDDY) Sets New 12-Month Low – Should You Sell?

Ocado Group plc (OTCMKTS:OCDDYGet Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $6.68 and last traded at $6.74, with a volume of 15398 shares traded. The stock had previously closed at $7.13.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein downgraded Ocado Group from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, October 15th.

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Ocado Group Stock Performance

The firm has a 50 day moving average price of $7.93 and a 200 day moving average price of $8.86. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.35 and a quick ratio of 2.13.

About Ocado Group

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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.

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