Shares of Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.71 and traded as high as $7.73. Orion Group shares last traded at $7.53, with a volume of 142,449 shares.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Orion Group from a "hold" rating to a "buy" rating in a research note on Friday, November 1st.
Read Our Latest Stock Report on Orion Group
Orion Group Trading Down 3.5 %
The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35. The stock has a market capitalization of $292.92 million, a price-to-earnings ratio of -18.82, a price-to-earnings-growth ratio of 3.44 and a beta of 0.89. The business has a fifty day simple moving average of $7.66 and a 200 day simple moving average of $7.71.
Hedge Funds Weigh In On Orion Group
Institutional investors and hedge funds have recently modified their holdings of the business. Intech Investment Management LLC bought a new stake in Orion Group in the 3rd quarter valued at about $63,000. SG Americas Securities LLC bought a new stake in shares of Orion Group in the third quarter valued at approximately $67,000. Valmark Advisers Inc. acquired a new stake in Orion Group during the second quarter worth approximately $107,000. The Manufacturers Life Insurance Company bought a new position in Orion Group during the 2nd quarter worth $115,000. Finally, Quantbot Technologies LP acquired a new position in Orion Group in the 3rd quarter valued at $120,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.
About Orion Group
(
Get Free Report)
Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.
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