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

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

Analyst Upgrades and Downgrades

OEC has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded Orion from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $20.00 to $21.00 in a research report on Monday, November 11th. StockNews.com lowered shares of Orion from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th.

Orion Trading Down 0.2 %

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

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Orion during the third quarter valued at $27,000. nVerses Capital LLC purchased a new stake in shares of Orion during the 3rd quarter valued at about $69,000. Point72 DIFC Ltd grew 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 worth $79,000 after acquiring an additional 4,152 shares during the period. Quarry LP grew its stake in shares of Orion by 76.9% in the second quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company’s stock worth $105,000 after acquiring an additional 2,076 shares during the period. Finally, Point72 Asset Management L.P. raised its holdings in shares of Orion by 88.6% during 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 purchasing an additional 3,100 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.