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

Shares of Orange (OTCMKTS:ORANY) gapped down prior to trading on Friday . The stock had previously closed at $18.29, but opened at $17.22. Orange shares last traded at $17.32, with a volume of 8,349 shares.

Analyst Ratings Changes

A number of research analysts recently weighed in on ORANY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Orange in a research report on Thursday, June 18th. Kepler Capital Markets upgraded shares of Orange from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Morgan Stanley lowered Orange to an “underweight” rating in a report on Friday. Santander raised Orange to an “outperform” rating in a report on Thursday, September 10th. Finally, Zacks Research raised Orange from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Orange currently has an average rating of “Moderate Buy”.

Orange Stock Performance

The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.84 and a current ratio of 0.87. The company’s 50-day moving average price is $18.49 and its 200 day moving average price is $19.66.

Orange Company Profile

Orange is a telecommunications company headquartered in France. It provides mobile and fixed-line communications services, including voice, messaging, broadband internet, fiber-optic connectivity and television. The company serves consumers, businesses and public-sector organizations through the Orange brand and related operating businesses.

Orange also offers enterprise services such as connectivity, unified communications, cloud solutions, data hosting, cybersecurity and information-technology integration.