Stocks of Orion Group Holdings Inc (NYSE:ORN) traded higher last session on Wall Street, down -0.57% to $8.77.
ORN stock price is now 32.37% away from the 50-day moving average and 11.86% away from the 200-day moving average. The market capitalization of the company currently stands at $341.16M.
With the price target of $14, Craig Hallum recently initiated with Buy rating for Orion Group Holdings Inc (NYSE: ORN). On July 28, 2023, B. Riley Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock reducing its target price from $5 to quote $3, while the B. Riley Securities previously rated the stock as ‘Neutral’ on July 30, 2021.
In other news, Boone Travis J, PRESIDENT & CEO bought 4,120 shares of the company’s stock on Sep 13 ’24. The stock was bought for $24,741 at an average price of $6.00. Upon completion of the transaction, the PRESIDENT & CEO now directly owns 437,299 shares in the company, valued at $3.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13 ’24, EVP & GENERAL COUNSEL Earle Edward Chipman bought 15,633 shares of the business’s stock. A total of $94,580 was incurred on buying the stock at an average price of $6.05. This leaves the insider owning 86,235 shares of the company worth $0.76 million. A total of 7.04% of the company’s stock is owned by insiders.
During the past 12 months, Orion Group Holdings Inc has had a low of $4.09 and a high of $12.12. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.35, and a quick ratio of 1.33. The fifty day moving average price for ORN is $6.5782 and a two-hundred day moving average price translates $7.82615 for the stock.
The latest earnings results from Orion Group Holdings Inc (NYSE: ORN) was released for 2024-09-30. The net profit margin was -1.63% and return on equity was -9.52% for ORN. The company reported revenue of $226.68 million for the quarter, compared to $168.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.54 percent.
