Ocado Group plc (OTCMKTS:OCDDY - Get Free Report)'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.
View Our Latest Analysis on Ocado Group
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
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Ocado Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ocado Group wasn't on the list.
While Ocado Group currently has a "Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.