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.

Analysts Set New Price Targets

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

Orange Stock Performance

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

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.