Ocado Group (OTCMKTS:OCDDY) Trading Up 2.6% – Here’s What Happened

Ocado Group plc (OTCMKTS:OCDDY)’s share price rose 2.6% during mid-day trading on Friday . The company traded as high as $7.74 and last traded at $7.55. Approximately 15,480 shares were traded during trading, a decline of 57% from the average daily volume of 35,599 shares. The stock had previously closed at $7.36.

Wall Street Analysts Forecast Growth

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

Ocado Group Trading Up 2.6 %

The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.13 and a current ratio of 2.35. The company has a 50 day simple moving average of $8.49 and a two-hundred day simple moving average of $9.01.

Ocado Group Company Profile

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.