Orion (NYSE:OEC) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Orion S.A. (NYSE:OEC)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.75 and traded as high as $7.28. Orion shares last traded at $7.19, with a volume of 389,947 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on OEC. Weiss Ratings reiterated a “sell (d)” rating on shares of Orion in a report on Thursday, January 22nd. Mizuho set a $6.00 target price on Orion in a report on Monday, October 20th. JPMorgan Chase & Co. cut their price target on Orion from $9.00 to $5.00 and set an “underweight” rating on the stock in a research note on Friday, November 28th. Zacks Research upgraded Orion from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, UBS Group increased their target price on shares of Orion from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Sell” and a consensus price target of $5.67.

Orion Price Performance

The firm has a market capitalization of $403.72 million, a P/E ratio of -12.40 and a beta of 1.06. The stock’s fifty day simple moving average is $5.75 and its 200 day simple moving average is $7.06. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.08 and a quick ratio of 0.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Orion by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,857 shares of the specialty chemicals company’s stock valued at $438,000 after buying an additional 1,097 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Orion by 16.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 12,340 shares of the specialty chemicals company’s stock valued at $65,000 after acquiring an additional 1,742 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in shares of Orion by 18.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,687 shares of the specialty chemicals company’s stock valued at $144,000 after purchasing an additional 2,112 shares during the last quarter. Rhumbline Advisers boosted its stake in Orion by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 85,855 shares of the specialty chemicals company’s stock worth $901,000 after purchasing an additional 2,344 shares in the last quarter. Finally, AXQ Capital LP boosted its stake in Orion by 20.9% in the 3rd quarter. AXQ Capital LP now owns 14,337 shares of the specialty chemicals company’s stock worth $109,000 after purchasing an additional 2,474 shares in the last quarter. 94.33% of the stock is currently owned by hedge funds and other institutional investors.

Orion Company Profile

Orion Engineered Carbons SA, operating as Orion (NYSE: OEC), is a global producer of carbon black, a critical performance additive used to enhance the strength, durability and conductivity of various materials. The company’s products chiefly serve the tire and rubber industry, where carbon black imparts wear resistance and longevity, as well as the plastics, coatings, inks and battery components markets, where specialty grades deliver tailored conductivity and color properties.

Orion’s product portfolio is organized into two core segments: Rubber and Specialty and Chemical Specialties.