Ocado Group (OTCMKTS:OCDDY) Stock Price Up 2.6% – Still a Buy?

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

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein downgraded Ocado Group from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, October 15th.

Ocado Group Trading Up 2.6 %

The company’s 50 day moving average is $8.43 and its 200 day moving average is $8.99. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.13 and a current ratio of 2.35.

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.