Ocado Group (OTCMKTS:OCDDY) Sees Strong Trading Volume – Time to Buy?

Ocado Group (OTCMKTS:OCDDY) shares saw an uptick in trading volume on Wednesday. Approximately 11,112 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 9,605 shares. The stock last traded at $6.06 and had previously closed at $6.15.

Analyst Upgrades and Downgrades

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

Ocado Group Stock Performance

The stock has a fifty day moving average of $5.84 and a 200-day moving average of $5.40. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.87.

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.