Orion Group (NYSE:ORN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Orion Group Holdings, Inc. (NYSE:ORN) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.12 and traded as high as $12.58. Orion Group shares last traded at $12.5410, with a volume of 296,618 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Orion Group in a report on Thursday, January 22nd. JPMorgan Chase & Co. began coverage on shares of Orion Group in a research note on Thursday, January 22nd. They issued an “overweight” rating and a $16.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.75.

Orion Group Trading Up 4.1%

The firm’s 50 day moving average is $10.62 and its 200 day moving average is $9.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.35. The company has a market capitalization of $500.39 million, a PE ratio of 54.53 and a beta of 1.16.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. Orion Group had a net margin of 1.13% and a return on equity of 6.88%. The business had revenue of $225.10 million during the quarter, compared to analysts’ expectations of $224.47 million. As a group, equities analysts predict that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new position in shares of Orion Group during the third quarter valued at approximately $33,000. First Horizon Advisors Inc. boosted its holdings in Orion Group by 171.1% in the second quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company’s stock valued at $41,000 after acquiring an additional 2,832 shares in the last quarter. Comerica Bank increased its position in Orion Group by 219.7% during the 3rd quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after purchasing an additional 3,562 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Orion Group in the 3rd quarter worth $86,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Orion Group in the 3rd quarter worth about $87,000. Institutional investors own 70.25% of the company’s stock.

About Orion Group

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.