Ocado Group (LON:OCDO) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Ocado Group plc (LON:OCDO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 370.55 ($4.96) and traded as high as GBX 391.60 ($5.24). Ocado Group shares last traded at GBX 389.50 ($5.21), with a volume of 1,359,245 shares trading hands.

Analyst Ratings Changes

Several research analysts recently commented on the company. Berenberg Bank cut Ocado Group to an “underperform” rating and lowered their target price for the stock from GBX 1,000 ($13.38) to GBX 260 ($3.48) in a research note on Monday, July 15th. Shore Capital reaffirmed a “not rated” rating on shares of Ocado Group in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ocado Group from GBX 450 ($6.02) to GBX 380 ($5.08) and set a “neutral” rating on the stock in a research report on Friday, June 28th.

Ocado Group Trading Up 1.5 %

The firm has a market capitalization of £3.20 billion, a price-to-earnings ratio of -1,498.08 and a beta of 1.85. The company has a debt-to-equity ratio of 143.47, a quick ratio of 2.82 and a current ratio of 2.35. The company has a 50-day moving average price of GBX 369.56 and a 200-day moving average price of GBX 370.55.

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.