Ocado Group (OTCMKTS:OCDDY) Shares Down 5.7% – Here’s What Happened

Ocado Group (OTCMKTS:OCDDY)’s stock price dropped 5.7% during mid-day trading on Wednesday . The stock traded as low as $6.10 and last traded at $6.12. Approximately 361 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 8,777 shares. The stock had previously closed at $6.4905.

Ocado Group Price Performance

The stock has a fifty day moving average of $5.64 and a 200 day moving average of $6.87. The company has a current ratio of 2.09, a quick ratio of 1.97 and a debt-to-equity ratio of 0.93.

Ocado Group Company Profile

Ocado Group plc is a leading global online grocery retailer and technology provider. Founded in 2000 by three former investment bankers, the company pioneered the use of automated warehouses to fulfill online grocery orders in the United Kingdom. Ocado operates a UK retail platform under the Ocado.com brand, offering grocery delivery services to consumers through a network of highly automated customer fulfillment centers. Its proprietary Ocado Smart Platform (OSP) integrates warehouse automation, software, and robotics to manage inventory, order dispatch, and route planning.

Beyond its UK retail operations, Ocado leverages its OSP through licensing agreements with major supermarket chains worldwide.