Orion Group (NYSE:ORN) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Orion Group Holdings, Inc. (NYSE:ORN)’s stock price passed 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.

Analyst Ratings Changes

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

Orion Group Stock Down 3.5 %

The business has a 50-day moving average price of $7.66 and a 200-day moving average price of $7.71. The stock has a market cap of $292.92 million, a PE ratio of -18.82, a price-to-earnings-growth ratio of 3.44 and a beta of 0.89. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24.

Institutional Trading of Orion Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Portolan Capital Management LLC lifted its stake in Orion Group by 56.6% in the 3rd quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company’s stock valued at $11,455,000 after buying an additional 717,533 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Orion Group in the third quarter valued at approximately $2,318,000. American Century Companies Inc. boosted its stake in shares of Orion Group by 311.9% in the second quarter. American Century Companies Inc. now owns 453,461 shares of the construction company’s stock worth $4,312,000 after acquiring an additional 343,368 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Orion Group during the third quarter worth approximately $1,873,000. Finally, Royce & Associates LP raised its stake in Orion Group by 12.9% in the 3rd quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company’s stock valued at $10,096,000 after purchasing an additional 200,420 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

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.