Orange (OTCMKTS:ORANY) Shares Gap Down – Should You Sell?

Shares of Orange (OTCMKTS:ORANY) gapped down prior to trading on Friday . The stock had previously closed at $17.10, but opened at $16.63. Orange shares last traded at $16.65, with a volume of 56,518 shares.

Analyst Ratings Changes

Several research firms have recently weighed in on ORANY. Sanford C. Bernstein upgraded Orange to a “hold” rating in a research report on Tuesday, October 21st. Citigroup upgraded Orange from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Orange Trading Down 3.0%

The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.86 and a current ratio of 0.89. The stock has a 50 day simple moving average of $16.34 and a two-hundred day simple moving average of $16.07.

Orange Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.2392 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 395.0%.

Orange Company Profile

Orange SA, commonly known as Orange, is a multinational telecommunications operator headquartered in Paris, France. The company has its roots in the former state-owned France Télécom and later consolidated its international operations under the Orange brand. Orange provides a wide range of connectivity and communications services and maintains a significant presence across Europe, and in many countries in Africa and the Middle East, serving both consumer and business customers.

Orange’s core activities include mobile and fixed-line telephony, broadband and fiber internet access, and television services for retail customers.