Orion (NYSE:OEC) Sets New 52-Week Low – Time to Sell?

Orion S.A. (NYSE:OEC)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $14.66 and last traded at $14.71, with a volume of 28827 shares trading hands. The stock had previously closed at $15.23.

Analyst Upgrades and Downgrades

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

Orion Trading Down 3.4 %

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 $16.86 and a 200 day moving average of $18.14. The stock has a market capitalization of $849.06 million, a price-to-earnings ratio of 27.76 and a beta of 1.53.

Orion (NYSE:OEC) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 predict that Orion S.A. will post 1.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Orion

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in Orion by 148.2% during the third quarter. Jane Street Group LLC now owns 151,205 shares of the specialty chemicals company’s stock valued at $2,693,000 after buying an additional 90,292 shares during the period. Foundry Partners LLC purchased a new position in Orion during the 3rd quarter valued at about $4,620,000. Victory Capital Management Inc. increased its holdings in shares of Orion by 20.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,179,181 shares of the specialty chemicals company’s stock valued at $21,001,000 after purchasing an additional 198,182 shares during the period. Mutual of America Capital Management LLC lifted its position in shares of Orion by 16.3% in the third quarter. Mutual of America Capital Management LLC now owns 377,198 shares of the specialty chemicals company’s stock worth $6,718,000 after purchasing an additional 52,807 shares in the last quarter. Finally, Divisar Capital Management LLC boosted its holdings in shares of Orion by 7.3% during the second quarter. Divisar Capital Management LLC now owns 805,082 shares of the specialty chemicals company’s stock worth $17,663,000 after purchasing an additional 55,000 shares during the period. 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.