Orion Group (NYSE:ORN) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Orion Group Holdings, Inc. (NYSE:ORN) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.93 and traded as high as $11.43. Orion Group shares last traded at $11.21, with a volume of 252,085 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Orion Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.50.

Orion Group Trading Down 0.8%

The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $10.18 and its two-hundred day moving average is $8.94. The stock has a market cap of $444.09 million, a price-to-earnings ratio of 48.39, a price-to-earnings-growth ratio of 3.17 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, topping analysts’ consensus estimates of $0.06 by $0.03. Orion Group had a return on equity of 6.88% and a net margin of 1.13%.The business had revenue of $225.10 million for the quarter, compared to analysts’ expectations of $224.47 million. Equities analysts anticipate that Orion Group Holdings, Inc. will post 0.06 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ORN. Allspring Global Investments Holdings LLC bought a new stake in shares of Orion Group during the fourth quarter valued at approximately $2,977,000. SG Americas Securities LLC bought a new position in shares of Orion Group in the fourth quarter worth $143,000. CIBC Bancorp USA Inc. acquired a new position in shares of Orion Group during the third quarter valued at $164,000. PharVision Advisers LLC bought a new stake in shares of Orion Group during the third quarter valued at about $181,000. Finally, Wasatch Advisors LP lifted its holdings in Orion Group by 56.7% in the third quarter. Wasatch Advisors LP now owns 2,226,519 shares of the construction company’s stock worth $18,525,000 after purchasing an additional 805,956 shares during the period. Institutional investors own 70.25% of the company’s stock.

Orion Group Company Profile

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.