StockNews.com Begins Coverage on Orange (NYSE:ORAN)

StockNews.com started coverage on shares of Orange (NYSE:ORAN – Get Rating) in a research report released on Thursday. The firm issued a buy rating on the technology company’s stock.

Orange Trading Down 0.8 %

Shares of Orange stock opened at $11.32 on Thursday. The company’s 50 day moving average is $10.94 and its 200 day moving average is $10.16. Orange has a twelve month low of $8.81 and a twelve month high of $12.71. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.88 and a current ratio of 0.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Community Bank N.A. lifted its position in Orange by 300.0% during the third quarter. Community Bank N.A. now owns 4,000 shares of the technology company’s stock valued at $36,000 after purchasing an additional 3,000 shares during the period. CENTRAL TRUST Co raised its position in Orange by 162.2% in the third quarter. CENTRAL TRUST Co now owns 4,720 shares of the technology company’s stock worth $42,000 after acquiring an additional 2,920 shares during the period. Assetmark Inc. bought a new position in Orange in the third quarter worth approximately $46,000. Dividend Assets Capital LLC raised its position in Orange by 100.0% in the fourth quarter. Dividend Assets Capital LLC now owns 4,660 shares of the technology company’s stock worth $46,000 after acquiring an additional 2,330 shares during the period. Finally, Money Concepts Capital Corp raised its position in Orange by 2,553.0% in the fourth quarter. Money Concepts Capital Corp now owns 5,306 shares of the technology company’s stock worth $52,000 after acquiring an additional 5,106 shares during the period. Institutional investors own 1.09% of the company’s stock.

About Orange

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Orange SA engages as a telecommunication services company, which operates mobile and internet services. It provides telecommunication services to multinational companies, under the brand Orange Business Services. The company was founded in January 1, 1991 and is headquartered in Paris, France.