Orion Group (NYSE:ORN) Stock Price Passes Above 200 Day Moving Average of $2.60

Orion Group Holdings, Inc. (NYSE:ORN – Get Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.60 and traded as high as $3.04. Orion Group shares last traded at $2.87, with a volume of 104,218 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Orion Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 21st.

Orion Group Price Performance

The stock has a 50 day simple moving average of $2.80 and a two-hundred day simple moving average of $2.60. The firm has a market cap of $92.01 million, a PE ratio of -5.31, a price-to-earnings-growth ratio of 0.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.20 and a current ratio of 1.21.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. purchased a new stake in Orion Group in the fourth quarter valued at approximately $28,000. Millennium Management LLC acquired a new position in shares of Orion Group during the fourth quarter worth $256,000. Geode Capital Management LLC grew its stake in shares of Orion Group by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 273,750 shares of the construction company’s stock worth $651,000 after purchasing an additional 6,615 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Orion Group by 166.9% during the fourth quarter. First Eagle Investment Management LLC now owns 426,014 shares of the construction company’s stock worth $1,014,000 after purchasing an additional 266,381 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Orion Group by 7.2% in the fourth quarter. Russell Investments Group Ltd. now owns 554,879 shares of the construction company’s stock valued at $1,321,000 after acquiring an additional 37,405 shares in the last quarter. 53.19% of the stock is owned by hedge funds and other institutional investors.

Orion Group Company Profile

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Orion Group Holdings, Inc engages in the provision of specialty construction services in the building, industrial, and infrastructure sectors. It operates through the Marine and Concrete segments. The Marine segment includes the restoration, maintenance, dredging, and repair of marine transportation facilities, pipelines, bridges and causeways and environmental structures.