Orion (NYSE:OEC) Reaches New 1-Year Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

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

Orion Stock Down 3.9 %

The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average of $16.18 and a two-hundred day moving average of $17.37. The stock has a market capitalization of $804.44 million, a PE ratio of 26.30 and a beta of 1.53.

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

Hedge Funds Weigh In On Orion

Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Orion in the third quarter valued at $27,000. nVerses Capital LLC purchased a new stake in shares of Orion in the third quarter valued at $69,000. Point72 DIFC Ltd grew its position 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 purchasing an additional 4,152 shares during the period. 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. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in Orion by 1,112.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,624 shares of the specialty chemicals company’s stock valued at $154,000 after acquiring an additional 7,913 shares during the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.

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.