Craig Hallum Lowers Orbital Infrastructure Group (NASDAQ:OIG) Price Target to $1.00

Orbital Infrastructure Group (NASDAQ:OIGGet Rating) had its price objective dropped by research analysts at Craig Hallum to $1.00 in a report issued on Thursday, Stock Target Advisor reports. Craig Hallum’s price objective indicates a potential upside of 309.17% from the stock’s current price.

Separately, Alliance Global Partners set a $2.00 price target on shares of Orbital Infrastructure Group in a research report on Wednesday.

Orbital Infrastructure Group Stock Performance

NASDAQ OIG opened at $0.24 on Thursday. The company has a fifty day simple moving average of $0.43 and a 200 day simple moving average of $0.68. Orbital Infrastructure Group has a 12-month low of $0.23 and a 12-month high of $2.89. The company has a current ratio of 0.49, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The company has a market cap of $28.07 million, a P/E ratio of -0.10 and a beta of 1.27.

Hedge Funds Weigh In On Orbital Infrastructure Group

Hedge funds have recently bought and sold shares of the company. M Holdings Securities Inc. purchased a new position in Orbital Infrastructure Group during the 1st quarter worth $38,000. Citigroup Inc. purchased a new position in shares of Orbital Infrastructure Group in the 1st quarter worth about $51,000. UBS Group AG boosted its holdings in shares of Orbital Infrastructure Group by 314.3% in the 1st quarter. UBS Group AG now owns 27,784 shares of the company’s stock worth $51,000 after buying an additional 21,078 shares during the last quarter. State Street Corp boosted its holdings in shares of Orbital Infrastructure Group by 9.2% in the 1st quarter. State Street Corp now owns 181,616 shares of the company’s stock worth $334,000 after buying an additional 15,253 shares during the last quarter. Finally, WealthTrust Axiom LLC boosted its holdings in shares of Orbital Infrastructure Group by 24.1% in the 2nd quarter. WealthTrust Axiom LLC now owns 547,666 shares of the company’s stock worth $344,000 after buying an additional 106,400 shares during the last quarter. 13.68% of the stock is owned by hedge funds and other institutional investors.

About Orbital Infrastructure Group

(Get Rating)

Orbital Infrastructure Group, Inc provides engineering, design, construction, and maintenance services to customers in the electric power, telecommunications, and renewable industries. It designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as offers emergency restoration services; and provides drilled shaft foundation construction services to the electric transmission and substation, industrial, telecommunication, and disaster restoration market sectors.

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