Orion Group (NYSE:ORN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Orion Group Holdings, Inc. (NYSE:ORN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.62 and traded as high as $13.65. Orion Group shares last traded at $13.09, with a volume of 357,734 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. DA Davidson lifted their target price on shares of Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. assumed coverage on Orion Group in a report on Thursday, January 22nd. They issued an “overweight” rating and a $16.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Orion Group in a research note on Thursday, January 22nd. B. Riley Financial reissued a “buy” rating on shares of Orion Group in a research report on Thursday, February 5th. Finally, Roth Mkm started coverage on shares of Orion Group in a report on Tuesday, February 10th. They issued a “buy” rating and a $17.00 price target for the company. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Orion Group currently has an average rating of “Moderate Buy” and a consensus target price of $14.88.

Orion Group Price Performance

The company’s fifty day moving average price is $11.59 and its two-hundred day moving average price is $9.62. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. The company has a market cap of $522.29 million, a price-to-earnings ratio of 56.92 and a beta of 1.18.

Institutional Investors Weigh In On Orion Group

Institutional investors have recently bought and sold shares of the company. Quarry LP bought a new position in Orion Group in the third quarter valued at $33,000. First Horizon Advisors Inc. boosted its stake in shares of Orion Group by 171.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company’s stock worth $41,000 after buying an additional 2,832 shares during the last quarter. Comerica Bank grew its holdings in shares of Orion Group by 219.7% in the 3rd quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after acquiring an additional 3,562 shares in the last quarter. OpenArc Corporate Advisory LLC acquired a new stake in shares of Orion Group in the fourth quarter valued at about $100,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Orion Group in the third quarter valued at about $86,000. Institutional investors own 70.25% of the company’s stock.

Orion Group Company Profile

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.