Research analysts at StockNews.com began coverage on shares of Orange (NYSE:ORAN – Get Free Report) in a research report issued on Thursday. The firm set a “strong-buy” rating on the technology company’s stock.
Orange Price Performance
The company has a current ratio of 0.94, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. Orange has a 1-year low of $9.82 and a 1-year high of $12.41. The stock’s 50 day simple moving average is $11.51 and its 200 day simple moving average is $11.19. The firm has a market capitalization of $29.63 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.73 and a beta of 0.22.
Institutional Trading of Orange
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORAN. Bruce G. Allen Investments LLC raised its stake in shares of Orange by 469.9% in the third quarter. Bruce G. Allen Investments LLC now owns 3,157 shares of the technology company’s stock valued at $36,000 after acquiring an additional 2,603 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Orange in the 1st quarter valued at $39,000. GAMMA Investing LLC raised its holdings in Orange by 71.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,164 shares of the technology company’s stock worth $48,000 after purchasing an additional 1,733 shares during the last quarter. Mather Group LLC. acquired a new position in Orange during the 2nd quarter valued at about $60,000. Finally, Verus Capital Partners LLC bought a new position in shares of Orange in the 2nd quarter valued at about $104,000.
About Orange
Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments.
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