Orion (NYSE:OEC) Shares Cross Above 50 Day Moving Average - What's Next?

Orion S.A. (NYSE:OEC - Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.09 and traded as high as $5.27. Orion shares last traded at $5.21, with a volume of 329,534 shares.Wall Street Analysts Forecast GrowthCabot Boosting Production In Lithium Battery Chain For EV MarketSeveral research analysts have recently issued reports on OEC shares. Weiss Ratings reissued a "sell (d)" rating on shares of Orion in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on Orion from $9.00 to $5.00 and set an "underweight" rating on the stock in a research note on Friday, November 28th. Mizuho set a $6.00 price objective on Orion in a research report on Monday, October 20th. Zacks Research downgraded shares of Orion from a "hold" rating to a "strong sell" rating in a research report on Tuesday, December 16th. Finally, UBS Group lowered shares of Orion from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $12.00 to $7.00 in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Orion presently has an average rating of "Strong Sell" and an average price target of $6.00.Check Out Our Latest Report on OECOrion Price PerformanceMarketBeat Week in Review – 2/27 - 3/3The firm has a fifty day moving average price of $5.09 and a two-hundred day moving average price of $8.17. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $292.54 million, a P/E ratio of -8.98 and a beta of 1.10. Orion (NYSE:OEC - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $450.90 million for the quarter, compared to analysts' expectations of $453.45 million. Orion had a negative net margin of 1.74% and a positive return on equity of 14.90%. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. On average, analysts expect that Orion S.A. will post 1.73 EPS for the current year. Institutional Investors Weigh In On OrionThis Small Company Is Set To Drive Future Of Lithium BatteriesInstitutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Orion in the 1st quarter worth $59,000. Tower Research Capital LLC TRC boosted its position in shares of Orion by 321.8% during the second quarter. Tower Research Capital LLC TRC now owns 7,382 shares of the specialty chemicals company's stock valued at $77,000 after buying an additional 5,632 shares during the last quarter. Glenmede Investment Management LP bought a new stake in Orion in the 3rd quarter worth about $89,000. Cowa LLC purchased a new position in Orion in the 3rd quarter worth about $104,000. Finally, AXQ Capital LP raised its position in Orion by 20.9% in the 3rd quarter. AXQ Capital LP now owns 14,337 shares of the specialty chemicals company's stock worth $109,000 after buying an additional 2,474 shares during the last quarter. Institutional investors own 94.33% of the company's stock. About Orion (Get Free Report)Orion Engineered Carbons SA, operating as Orion NYSE: OEC, is a global producer of carbon black, a critical performance additive used to enhance the strength, durability and conductivity of various materials. The company’s products chiefly serve the tire and rubber industry, where carbon black imparts wear resistance and longevity, as well as the plastics, coatings, inks and battery components markets, where specialty grades deliver tailored conductivity and color properties. Orion’s product portfolio is organized into two core segments: Rubber and Specialty and Chemical Specialties.Further ReadingFive stocks we like better than OrionPut $1,000 into this stock by Jan 1 [Not NVDA]Do you know what Amazon is planning for January 1?Turn your "dead money" into $306+ monthly (starting this month)Washington prepares for warStrange Crystal Metal Outperforms Silicon Up to 100XThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Orion Right Now?Before you consider Orion, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Orion wasn't on the list.While Orion currently has a Strong Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here