Orion (NYSE:OEC) Sets New 12-Month Low – Time to Sell?

Orion S.A. (NYSE:OEC) shares reached a new 52-week low on Tuesday . The company traded as low as $13.32 and last traded at $13.53, with a volume of 704781 shares traded. The stock had previously closed at $13.95.

Wall Street Analyst Weigh In

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

Orion Stock Down 0.5 %

The company has a market capitalization of $806.00 million, a PE ratio of 26.35 and a beta of 1.50. The business’s 50-day simple moving average is $15.91 and its 200-day simple moving average is $17.09. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42.

Orion (NYSE:OEC) last posted its quarterly earnings results on Thursday, November 7th. The specialty chemicals company reported $0.47 EPS 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%. As a group, equities research analysts anticipate that Orion S.A. will post 1.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Orion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in Orion in the second quarter valued at $550,000. The Manufacturers Life Insurance Company lifted its stake in shares of Orion by 8.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,006 shares of the specialty chemicals company’s stock valued at $636,000 after purchasing an additional 2,362 shares in the last quarter. Algert Global LLC acquired a new position in Orion during the 2nd quarter worth approximately $253,000. Inspire Investing LLC increased its holdings in Orion by 44.7% during the 3rd quarter. Inspire Investing LLC now owns 23,213 shares of the specialty chemicals company’s stock worth $413,000 after purchasing an additional 7,173 shares during the last quarter. Finally, Creative Planning bought a new stake in shares of Orion in the 3rd quarter valued at approximately $490,000. 94.33% of the stock is owned by institutional investors and hedge funds.

About Orion

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.