Orion Group (NYSE:ORN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Orion Group Holdings, Inc. (NYSE:ORN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.71 and traded as high as $7.73. Orion Group shares last traded at $7.53, with a volume of 142,449 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com raised Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

Orion Group Price Performance

The firm has a fifty day moving average price of $7.66 and a two-hundred day moving average price of $7.71. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $292.92 million, a P/E ratio of -18.82, a P/E/G ratio of 3.44 and a beta of 0.89.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in shares of Orion Group during the third quarter valued at approximately $63,000. SG Americas Securities LLC bought a new position in Orion Group in the 3rd quarter valued at approximately $67,000. Valmark Advisers Inc. purchased a new stake in Orion Group during the 2nd quarter valued at $107,000. The Manufacturers Life Insurance Company bought a new stake in shares of Orion Group in the 2nd quarter worth $115,000. Finally, Quantbot Technologies LP purchased a new position in shares of Orion Group in the third quarter worth $120,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Orion Group Company Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.