Ocado Group (OTCMKTS:OCDDY) Hits New 1-Year Low – What’s Next?

Shares of Ocado Group plc (OTCMKTS:OCDDY) reached a new 52-week low on Friday . The stock traded as low as $6.68 and last traded at $6.74, with a volume of 15398 shares trading hands. The stock had previously closed at $7.13.

Wall Street Analyst Weigh In

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

Ocado Group Stock Performance

The stock’s 50 day moving average price is $7.89 and its 200-day moving average price is $8.86. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.13 and a current ratio of 2.35.

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.