Ocado Group (OTCMKTS:OCDDY) Rating Lowered to Strong Sell at Sanford C. Bernstein

Ocado Group (OTCMKTS:OCDDY) was downgraded by Sanford C. Bernstein from a “strong-buy” rating to a “strong sell” rating in a report released on Tuesday, Zacks.com reports.

Ocado Group Trading Down 2.3 %

OTCMKTS OCDDY opened at $9.34 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.13 and a current ratio of 2.35. Ocado Group has a one year low of $7.02 and a one year high of $20.55. The company’s 50 day moving average price is $9.48 and its 200 day moving average price is $9.29.

About Ocado Group

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.