Ocado Group (OTCMKTS:OCDDY) Shares Gap Up – Still a Buy?

Shares of Ocado Group (OTCMKTS:OCDDY) gapped up prior to trading on Thursday . The stock had previously closed at $6.0280, but opened at $6.20. Ocado Group shares last traded at $6.08, with a volume of 9,781 shares.

Analyst Ratings Changes

Separately, Berenberg Bank raised shares of Ocado Group to a “strong-buy” rating in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Ocado Group currently has an average rating of “Strong Buy”.

Ocado Group Stock Performance

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 has a 50 day moving average price of $5.80 and a 200 day moving average price of $5.39.

Ocado Group Company Profile

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.