Orica (OTCMKTS:OCLDY) Shares Gap Down – Time to Sell?
by Scott Moore · The Cerbat GemOrica Limited (OTCMKTS:OCLDY – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $17.00, but opened at $15.8050. Orica shares last traded at $15.8050, with a volume of 128 shares trading hands.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of Orica to a “hold” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Orica presently has a consensus rating of “Hold”.
View Our Latest Research Report on OCLDY
Orica Trading Up 8.9%
The company has a 50-day moving average price of $16.61 and a two-hundred day moving average price of $15.78.
About Orica
Orica Limited is a leading global provider of commercial explosives and blasting systems to the mining, quarrying and construction industries. Headquartered in Melbourne, Australia, the company designs, manufactures and distributes a comprehensive range of bulk and packaged explosives, initiating systems, detonators and digital blasting solutions. Its offerings include ground support products, ventilation systems in underground mining and specialty chemicals that support safe and efficient rock fragmentation and material handling.
In addition to explosives, Orica supplies sodium cyanide for gold extraction, bulk emulsions and specialty ammonium nitrate products.