Orion (NYSE:OEC) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Orion S.A. (NYSE:OEC) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.86 and traded as low as $15.04. Orion shares last traded at $15.24, with a volume of 464,298 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Orion from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $20.00 to $21.00 in a research report on Monday, November 11th. StockNews.com downgraded Orion from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th.

Orion Trading Down 0.3 %

The company’s 50-day moving average is $16.86 and its 200-day moving average is $18.14. 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 firm has a market cap of $879.65 million, a price-to-earnings ratio of 28.76 and a beta of 1.53.

Orion (NYSE:OEC) last announced 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 company had revenue of $463.40 million during the quarter, compared to the consensus estimate of $489.01 million. On average, research analysts predict that Orion S.A. will post 1.68 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OEC. Public Employees Retirement System of Ohio acquired a new position in shares of Orion during the third quarter valued at $27,000. DekaBank Deutsche Girozentrale bought a new stake in Orion during the 2nd quarter worth about $54,000. nVerses Capital LLC acquired a new position in Orion during the 3rd quarter valued at about $69,000. Point72 DIFC Ltd boosted its stake in shares of Orion by 1,578.7% in the 3rd quarter. Point72 DIFC Ltd now owns 4,415 shares of the specialty chemicals company’s stock valued at $79,000 after purchasing an additional 4,152 shares during the last quarter. Finally, Quarry LP grew its position in shares of Orion by 76.9% during the 2nd quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 2,076 shares during the period. 94.33% of the stock is currently 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.