Orion Engineered Carbons’ Quiet Period Will Expire Tomorrow (NYSE:OEC)
Orion Engineered Carbons’ (NYSE:OEC) quiet period will expire on Wednesday, September 3rd. Orion Engineered Carbons had issued 19,500,000 shares in its initial public offering on July 25th, AnalystRatingsNetwork.com reports. The total size of the offering was $351,000,000 based on an initial share price of $18.00. During Orion Engineered Carbons’ quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Separately, analysts at Northcoast Research initiated coverage on shares of Orion Engineered Carbons in a research note on Thursday, August 21st. They set a “buy” rating on the stock.
Orion Engineered Carbons (NYSE:OEC) traded down 0.06% on Tuesday, hitting $17.06. The stock had a trading volume of 5,359 shares. Orion Engineered Carbons has a one year low of $15.87 and a one year high of $18.37. The stock’s 50-day moving average is $17.08 and its 200-day moving average is $17.08. The company’s market cap is $746.4 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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