Orion Group (NYSE:ORN) Share Price Passes Above 200-Day Moving Average – Here’s What Happened
by Sarita Garza · The Markets DailyOrion Group Holdings, Inc. (NYSE:ORN – Get Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.80 and traded as high as $10.33. Orion Group shares last traded at $10.1040, with a volume of 116,627 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Orion Group in a research note on Wednesday, October 8th. Two investment 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.25.
Get Our Latest Stock Analysis on Orion Group
Orion Group Stock Down 1.9%
The firm has a 50-day moving average of $10.08 and a two-hundred day moving average of $8.81. 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 capitalization of $396.61 million, a PE ratio of 43.22, a price-to-earnings-growth ratio of 4.50 and a beta of 1.20.
Orion Group (NYSE:ORN – Get Free Report) last announced its quarterly earnings results on Wednesday, September 20th. The construction company reported ($0.03) EPS for the quarter. Orion Group had a net margin of 1.13% and a return on equity of 6.88%. The business had revenue of $194.58 million during the quarter. Equities research analysts predict that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Orion Group
Several large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its holdings in Orion Group by 8.8% in the 1st quarter. Hsbc Holdings PLC now owns 19,631 shares of the construction company’s stock valued at $102,000 after purchasing an additional 1,588 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Orion Group in the first quarter valued at $79,000. Ieq Capital LLC purchased a new stake in shares of Orion Group in the 1st quarter valued at $100,000. Trexquant Investment LP acquired a new position in Orion Group during the 1st quarter worth about $239,000. Finally, Ardsley Advisory Partners LP boosted its holdings in Orion Group by 25.0% during the 1st quarter. Ardsley Advisory Partners LP now owns 250,000 shares of the construction company’s stock valued at $1,308,000 after acquiring an additional 50,000 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.
About Orion Group
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.