Ormat Technologies Inc. Hits New 52-Week High at $26.98 (ORA)
Shares of Ormat Technologies (NYSE:ORA) hit a new 52-week high during trading on Monday, AnalystRatingsNetwork.com reports. The stock traded as high as $26.98 and last traded at $26.40, with a volume of 47,867 shares trading hands. The stock had previously closed at $26.48.
A number of analysts have recently weighed in on ORA shares. Analysts at Ardour Capital downgraded shares of Ormat Technologies (NYSE:ORA) from an “accumulate” rating to a “hold” rating in a research note to investors on Thursday, August 8th. They now have a $25.00 price target on the stock. Analysts at Zacks downgraded shares of Ormat Technologies (NYSE:ORA) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 9th. They now have a $25.50 price target on the stock.
Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.90.
Ormat Technologies has a 1-year low of $16.67 and a 1-year high of $26.98. The stock’s 50-day moving average is $24.79 and its 200-day moving average is $22.88. The company’s market cap is $1.203 billion.
Ormat Technologies (NYSE:ORA) last announced its earnings results on Tuesday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.22. The company had revenue of $152.70 million for the quarter, compared to the consensus estimate of $129.15 million. On average, analysts predict that Ormat Technologies will post $0.68 earnings per share for the current fiscal year.
Ormat Technologies, Inc (NYSE:ORA) is a holding company.
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