Orion (NYSE:OEC) Reaches New 1-Year Low – Should You Sell?

Orion S.A. (NYSE:OEC)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $14.06 and last traded at $13.98, with a volume of 244899 shares trading hands. The stock had previously closed at $14.31.

Analysts Set New Price Targets

Several research firms have recently commented on OEC. JPMorgan Chase & Co. raised Orion from a “neutral” rating to an “overweight” rating and upped their target price for the company from $20.00 to $21.00 in a report on Monday, November 11th. StockNews.com lowered Orion from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th.

Orion Price Performance

The business has a 50-day simple moving average of $16.18 and a two-hundred day simple moving average of $17.37. The stock has a market capitalization of $804.44 million, a price-to-earnings ratio of 26.30 and a beta of 1.53. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 1.42.

Orion (NYSE:OEC) last announced its quarterly earnings data on Thursday, November 7th. The specialty chemicals company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Orion had a net margin of 1.67% and a return on equity of 18.97%. The company had revenue of $463.40 million for the quarter, compared to analyst estimates of $489.01 million. As a group, research analysts predict that Orion S.A. will post 1.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orion

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC increased its stake in shares of Orion by 148.2% in the third quarter. Jane Street Group LLC now owns 151,205 shares of the specialty chemicals company’s stock worth $2,693,000 after acquiring an additional 90,292 shares during the last quarter. Foundry Partners LLC bought a new stake in Orion in the third quarter worth $4,620,000. Victory Capital Management Inc. boosted its holdings in Orion by 20.2% in the third quarter. Victory Capital Management Inc. now owns 1,179,181 shares of the specialty chemicals company’s stock worth $21,001,000 after purchasing an additional 198,182 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in Orion by 16.3% in the third quarter. Mutual of America Capital Management LLC now owns 377,198 shares of the specialty chemicals company’s stock worth $6,718,000 after purchasing an additional 52,807 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Orion by 320.4% in the third quarter. Barclays PLC now owns 95,512 shares of the specialty chemicals company’s stock worth $1,700,000 after purchasing an additional 72,793 shares in the last quarter. Institutional investors and hedge funds own 94.33% of the company’s stock.

About Orion

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.