StockNews.com assumed coverage on shares of Orange (NYSE:ORAN – Free Report) in a research note issued to investors on Thursday morning. The firm issued a strong-buy rating on the technology company’s stock.
Orange Stock Performance
The firm has a market cap of $29.63 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.73 and a beta of 0.22. Orange has a 52-week low of $9.82 and a 52-week high of $12.41. The business’s 50 day moving average is $11.51 and its 200 day moving average is $11.19. The company has a quick ratio of 0.91, a current ratio of 0.94 and a debt-to-equity ratio of 0.87.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ORAN. Allspring Global Investments Holdings LLC acquired a new position in Orange in the 1st quarter worth $39,000. Russell Investments Group Ltd. grew its stake in Orange by 37.9% during the 1st quarter. Russell Investments Group Ltd. now owns 10,497 shares of the technology company’s stock valued at $124,000 after purchasing an additional 2,885 shares in the last quarter. Thornburg Investment Management Inc. increased its holdings in Orange by 20.6% during the 1st quarter. Thornburg Investment Management Inc. now owns 909,419 shares of the technology company’s stock worth $10,661,000 after purchasing an additional 155,549 shares during the last quarter. Lake Street Advisors Group LLC acquired a new position in shares of Orange in the 1st quarter valued at approximately $129,000. Finally, Freestone Capital Holdings LLC acquired a new position in shares of Orange in the 1st quarter valued at approximately $283,000.
Orange Company Profile
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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