Ocado Group (OTCMKTS:OCDDY) Stock Price Down 2.4% – Here’s Why

Ocado Group plc (OTCMKTS:OCDDY) traded down 2.4% on Friday . The company traded as low as $7.40 and last traded at $7.40. 19,126 shares were traded during trading, an increase of 32% from the average session volume of 14,506 shares. The stock had previously closed at $7.58.

Analyst Upgrades and Downgrades

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

Ocado Group Stock Down 2.4 %

The firm’s fifty day moving average price is $7.65 and its 200-day moving average price is $8.79. 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.