Orange (OTCMKTS:ORANY) Shares Gap Down – Here’s What Happened

Orange (OTCMKTS:ORANYGet Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $18.66, but opened at $17.37. Orange shares last traded at $17.35, with a volume of 16,509 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ORANY shares. Kepler Capital Markets raised Orange from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of Orange in a research report on Thursday, May 7th. Zacks Research raised shares of Orange from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Orange in a research note on Thursday, June 18th. Finally, The Goldman Sachs Group upgraded shares of Orange from a “hold” rating to a “buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Read Our Latest Report on ORANY

Orange Price Performance

The company has a quick ratio of 0.84, a current ratio of 0.87 and a debt-to-equity ratio of 1.21. The firm has a 50 day moving average price of $18.67 and a 200 day moving average price of $19.92.

About Orange

(Get Free Report)

Orange SA, commonly known as Orange, is a multinational telecommunications operator headquartered in Paris, France. The company has its roots in the former state-owned France Télécom and later consolidated its international operations under the Orange brand. Orange provides a wide range of connectivity and communications services and maintains a significant presence across Europe, and in many countries in Africa and the Middle East, serving both consumer and business customers.

Orange’s core activities include mobile and fixed-line telephony, broadband and fiber internet access, and television services for retail customers.

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