Ocado Group (OTCMKTS:OCDDY) Stock Price Up 1.3% – Should You Buy?

Ocado Group plc (OTCMKTS:OCDDY) shares were up 1.3% on Thursday . The stock traded as high as $8.22 and last traded at $8.10. Approximately 2,734 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 37,352 shares. The stock had previously closed at $8.00.

Analyst Upgrades and Downgrades

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 Price Performance

The stock has a 50 day moving average price of $9.17 and a two-hundred day moving average price of $9.17. The company has a quick ratio of 2.13, a current ratio of 2.35 and a debt-to-equity ratio of 1.39.

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.