Orion OYJ (OTCMKTS:ORINY) Shares Gap Up - Here's Why

Key Points

• Orion OYJ's stock price gapped up from $37.29 to $38.28, with a trading volume of 150 shares.
• The company is set to pay a dividend of $0.2418 per share on November 7th, which represents an impressive yield of 127.0%.
• Analyst ratings for Orion OYJ show mixed views, with one stating a "Buy" rating while another has issued a "Hold" rating, resulting in an average rating of "Moderate Buy".

Orion OYJ Unsponsored ADR (OTCMKTS:ORINY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $37.29, but opened at $38.28. Orion OYJ shares last traded at $38.28, with a volume of 150 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ORINY shares. Nordea Equity Research upgraded shares of Orion OYJ from a "hold" rating to a "buy" rating in a research note on Monday, October 6th. Zacks Research downgraded shares of Orion OYJ from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Orion OYJ has an average rating of "Moderate Buy".

Orion OYJ Stock Up 2.6%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.05 and a current ratio of 1.86. The firm has a market cap of $10.80 billion, a price-to-earnings ratio of 26.04 and a beta of 0.09. The firm has a 50-day moving average price of $38.96 and a two-hundred day moving average price of $35.86.

Orion OYJ (OTCMKTS:ORINY - Get Free Report) last announced its earnings results on Friday, July 18th. The company reported $0.33 earnings per share for the quarter. The company had revenue of $472.57 million for the quarter. Orion OYJ had a return on equity of 38.68% and a net margin of 22.61%. On average, sell-side analysts forecast that Orion OYJ Unsponsored ADR will post 1.18 earnings per share for the current year.

Orion OYJ Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 17th will be issued a dividend of $0.2418 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a yield of 127.0%. Orion OYJ's payout ratio is currently 21.77%.

About Orion OYJ

Orion Oyj develops, manufactures, and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients (APIs) in Finland, Scandinavia, rest of Europe, North America, and internationally. The company provides prescription drugs and self-care products, which includes Nubeqa for the treatment of prostate cancer; Precedex, Dexdor, and Precedex for human use; Burana for inflammatory pain; Divina series for menopausal symptoms; Trexan for rheumatoid arthritis and cancer; Stalevo, Entacapone, and Comtess/Comtan for Parkinson's disease; Biosimilars for rheumatoid arthritis and inflammatory bowel diseases; and Simdax for acute decompensated heart failure, as well as Fareston for breast cancer.

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