Orange (OTCMKTS:ORANY – Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 378,126 shares, a decrease of 28.6% from the February 26th total of 529,322 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 211,297 shares, the short-interest ratio is currently 1.8 days.
Orange Stock Performance
Shares of Orange stock opened at $19.89 on Monday. Orange has a twelve month low of $12.60 and a twelve month high of $21.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.11. The business has a 50-day moving average price of $19.73 and a 200 day moving average price of $17.48.
Wall Street Analysts Forecast Growth
Several brokerages have commented on ORANY. Citigroup upgraded shares of Orange from a “hold” rating to a “buy” rating in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Orange in a report on Monday, February 23rd. Kepler Capital Markets cut Orange from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Zacks Research raised Orange from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, New Street Research cut Orange from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.
About Orange
Orange SA, commonly known as Orange, is a multinational telecommunications operator headquartered in Paris, France. The company has its roots in the former state-owned France Télécom and later consolidated its international operations under the Orange brand. Orange provides a wide range of connectivity and communications services and maintains a significant presence across Europe, and in many countries in Africa and the Middle East, serving both consumer and business customers.
Orange’s core activities include mobile and fixed-line telephony, broadband and fiber internet access, and television services for retail customers.
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