Ocado Group (OTCMKTS:OCDDY) Raised to Hold at Zacks Investment Research

Ocado Group (OTCMKTS:OCDDYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Ocado Group PLC is an online grocery retailer. It provides home delivery items which include food and drink, toiletries, household goods, toys and games, baby products, pet care, health and medicines and beauty and clothing. Ocado Group PLC is headquartered in Hatfield, United Kingdom. “

Shares of Ocado Group stock opened at $19.31 on Tuesday. Ocado Group has a 52-week low of $19.13 and a 52-week high of $59.50. The company has a debt-to-equity ratio of 1.04, a quick ratio of 3.85 and a current ratio of 4.04. The company’s 50 day moving average price is $28.97 and its 200-day moving average price is $38.29.

About Ocado Group (Get Rating)

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through three segments: Ocado Retail, UK Solutions & Logistics, and International Solutions. It also sells general merchandise products on its Ocado.com; provides online retail solutions; and offers customer fulfillment centre and logistics services.

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