Orion (NYSE:OEC) Reaches New 12-Month Low - Here's What Happened

Orion S.A. (NYSE:OEC - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $14.06 and last traded at $13.98, with a volume of 244899 shares traded. The stock had previously closed at $14.31.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Orion from a "neutral" rating to an "overweight" rating and raised their target price for the company from $20.00 to $21.00 in a research note on Monday, November 11th. StockNews.com lowered shares of Orion from a "buy" rating to a "hold" rating in a research note on Tuesday, October 15th.

Orion Stock Down 0.2 %

The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24. The business's 50 day moving average is $16.32 and its 200 day moving average is $17.41. The stock has a market cap of $823.95 million, a price-to-earnings ratio of 26.93 and a beta of 1.53.

Orion (NYSE:OEC - Get Free Report) last released its earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). Orion had a return on equity of 18.97% and a net margin of 1.67%. The firm had revenue of $463.40 million for the quarter, compared to analyst estimates of $489.01 million. Equities analysts expect that Orion S.A. will post 1.63 earnings per share for the current year.

Institutional Investors Weigh In On Orion

A number of institutional investors and hedge funds have recently modified their holdings of OEC. Public Employees Retirement System of Ohio bought a new stake in shares of Orion in the 3rd quarter valued at about $27,000. nVerses Capital LLC acquired a new stake in Orion in the third quarter valued at approximately $69,000. Point72 DIFC Ltd increased its stake in shares of Orion by 1,578.7% in the third quarter. Point72 DIFC Ltd now owns 4,415 shares of the specialty chemicals company's stock valued at $79,000 after buying an additional 4,152 shares during the period. Quarry LP increased its holdings in Orion by 76.9% in the second quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company's stock valued at $105,000 after purchasing an additional 2,076 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in Orion by 88.6% in the second quarter. Point72 Asset Management L.P. now owns 6,600 shares of the specialty chemicals company's stock valued at $145,000 after acquiring an additional 3,100 shares during the last quarter. 94.33% of the stock is owned by institutional investors.

Orion Company Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.

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