Orion Group Holdings Inc (NYSE:ORN) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 122,500 shares, an increase of 27.7% from the January 15th total of 95,900 shares. Based on an average trading volume of 163,400 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the shares of the company are short sold.
Shares of ORN opened at $4.69 on Friday. The company has a market cap of $146.57 million, a P/E ratio of -1.34 and a beta of 1.08. The stock has a fifty day moving average price of $5.05 and a 200 day moving average price of $4.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.41 and a quick ratio of 1.41. Orion Group has a 12 month low of $1.80 and a 12 month high of $5.99.
Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Orion Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. ValuEngine raised Orion Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Noble Financial reissued a “buy” rating and set a $7.10 price target on shares of Orion Group in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $6.36.
About Orion Group
Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.
Further Reading: Price to Earnings Ratio (PE) Basics
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