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Northcoast Research started coverage on shares of Orion Engineered Carbons (NYSE:OEC) in a research note issued on Thursday. The firm set a “buy” rating on the stock.

Orion Engineered Carbons (NYSE:OEC) traded up 0.58% on Thursday, hitting $17.30. The stock had a trading volume of 240,787 shares. Orion Engineered Carbons has a 1-year low of $15.87 and a 1-year high of $18.37. The stock has a 50-day moving average of $17.05 and a 200-day moving average of $17.05. The company’s market cap is $756.9 million.

Orion Engineered Carbons S.a r.l. is a producer of carbon black. Carbon black is a form of carbon used to improve certain properties of materials into which it is added.

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