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

Orion S.A. (NYSE:OEC) hit a new 52-week low during trading on Wednesday . The company 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.

Wall Street Analyst Weigh In

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

Orion Trading Down 3.4 %

The company has a fifty day simple moving average of $16.86 and a two-hundred day simple moving average of $18.14. The company has a market capitalization of $849.06 million, a P/E ratio of 27.76 and a beta of 1.53. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.24 and a quick ratio of 0.71.

Orion (NYSE:OEC) last issued its quarterly earnings data 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). The company had revenue of $463.40 million during the quarter, compared to the consensus estimate of $489.01 million. Orion had a net margin of 1.67% and a return on equity of 18.97%. On average, analysts forecast that Orion S.A. will post 1.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in shares of Orion in the third quarter worth about $27,000. DekaBank Deutsche Girozentrale bought a new position in Orion in the 2nd quarter worth approximately $54,000. nVerses Capital LLC acquired a new position in shares of Orion during the third quarter worth approximately $69,000. Point72 DIFC Ltd boosted 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 acquiring an additional 4,152 shares during the period. Finally, 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 last quarter. Institutional investors and hedge funds own 94.33% of the company’s stock.

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.