Orion Group (NYSE:ORN) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Orion Group Holdings, Inc. (NYSE:ORN) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.26 and traded as high as $7.36. Orion Group shares last traded at $7.24, with a volume of 306,126 shares traded.

Analysts Set New Price Targets

Several research analysts have commented on the stock. DA Davidson assumed coverage on shares of Orion Group in a report on Friday, January 17th. They issued a “buy” rating and a $11.00 target price for the company. StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

Orion Group Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The stock has a market capitalization of $281.64 million, a price-to-earnings ratio of -18.10, a PEG ratio of 1.10 and a beta of 0.93. The stock’s 50 day simple moving average is $7.70 and its 200-day simple moving average is $7.26.

Institutional Trading of Orion Group

A number of institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. bought a new position in shares of Orion Group in the third quarter valued at approximately $1,873,000. Perkins Capital Management Inc. bought a new position in shares of Orion Group in the third quarter valued at approximately $173,000. Atria Investments Inc raised its position in shares of Orion Group by 14.6% in the third quarter. Atria Investments Inc now owns 49,298 shares of the construction company’s stock valued at $284,000 after purchasing an additional 6,285 shares during the period. Royce & Associates LP raised its position in shares of Orion Group by 12.9% in the third quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company’s stock valued at $10,096,000 after purchasing an additional 200,420 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Orion Group by 5.4% in the third quarter. Empowered Funds LLC now owns 250,021 shares of the construction company’s stock valued at $1,443,000 after purchasing an additional 12,730 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Orion Group Company Profile

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.