OCADO GRP PLC/S (OTCMKTS:OCDDY) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of OCADO GRP PLC/S (OTCMKTS:OCDDY) from a sell rating to a hold rating in a research note released on Wednesday morning, Zacks.com reports.

According to Zacks, “Ocado Group PLC is an online grocery retailer. It provides home delivery items which include food and drink, toiletries, household goods, toys and games, baby products, pet care, health and medicines and beauty and clothing. Ocado Group PLC is headquartered in Hatfield, United Kingdom. “

OTCMKTS:OCDDY opened at $29.68 on Wednesday. The business has a fifty day moving average of $31.16. OCADO GRP PLC/S has a 12 month low of $18.77 and a 12 month high of $39.85.

OCADO GRP PLC/S Company Profile

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.

Further Reading: Why do company’s buyback their stock?

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