Orion Group (NYSE:ORN) Share Price Crosses Above 200-Day Moving Average - Here's Why

Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.82 and traded as high as $8.59. Orion Group shares last traded at $8.57, with a volume of 183,013 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Orion Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Orion Group in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Orion Group from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $11.25.

Orion Group Stock Performance

The stock has a market cap of $340.57 million, a P/E ratio of 31.74, a PEG ratio of 16.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.38 and a quick ratio of 1.37. The firm's 50-day moving average price is $7.81 and its 200-day moving average price is $7.82.

Orion Group (NYSE:ORN - Get Free Report) last released its quarterly earnings data on Wednesday, September 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $194.58 million for the quarter. Orion Group had a net margin of 1.25% and a return on equity of 9.23%. Sell-side analysts expect that Orion Group Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orion Group

Large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. increased its position in Orion Group by 171.1% in the second quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company's stock worth $41,000 after purchasing an additional 2,832 shares during the last quarter. CWM LLC increased its position in Orion Group by 303.5% in the first quarter. CWM LLC now owns 8,579 shares of the construction company's stock worth $45,000 after purchasing an additional 6,453 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in Orion Group by 69.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 10,455 shares of the construction company's stock worth $95,000 after purchasing an additional 4,292 shares during the last quarter. Cerity Partners LLC bought a new stake in Orion Group in the second quarter worth $106,000. Finally, Petros Family Wealth LLC bought a new stake in Orion Group in the first quarter worth $68,000. Institutional investors own 70.25% of the company's stock.

About Orion Group

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.

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