Orange (OTCMKTS:ORANY) Sees Unusually-High Trading Volume – What’s Next?

Orange (OTCMKTS:ORANY) saw an uptick in trading volume on Friday . 951,664 shares traded hands during mid-day trading, an increase of 562% from the previous session’s volume of 143,704 shares.The stock last traded at $18.50 and had previously closed at $18.63.

Analyst Upgrades and Downgrades

ORANY has been the topic of several research reports. Zacks Research lowered shares of Orange from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. Sanford C. Bernstein upgraded shares of Orange to a “hold” rating in a research note on Tuesday, October 21st. Citigroup raised shares of Orange from a “hold” rating to a “buy” rating in a research note on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Orange in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Orange Price Performance

The business’s 50 day moving average is $16.76 and its 200-day moving average is $16.31. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.89.

Orange Announces Dividend

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

About Orange

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.