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

Ocado Group (OTCMKTS:OCDDY – Get Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $7.25, but opened at $7.0235. Ocado Group shares last traded at $7.02, with a volume of 614 shares changing hands.

Ocado Group Stock Performance

The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.97 and a current ratio of 2.09. The business’s 50 day moving average is $6.10 and its two-hundred day moving average is $6.95.

About Ocado Group

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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.

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