Ocado Group (OTCMKTS:OCDDY) Sets New 52-Week High – Still a Buy?

Shares of Ocado Group (OTCMKTS:OCDDY) hit a new 52-week high on Thursday. The stock traded as high as $8.07 and last traded at $8.07, with a volume of 100 shares trading hands. The stock had previously closed at $7.76.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of Ocado Group to a “strong-buy” rating in a research report on Thursday, September 17th. One investment 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 Price Performance

The firm has a 50 day moving average of $6.46 and a 200-day moving average of $5.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.41 and a quick ratio of 1.36.

Ocado Group Company Profile

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.