联盟全球合作伙伴将轨道能源集团(纳斯达克：OEG)目标价下调至4美元

Orbital Energy Group (NASDAQ:OEG – Get Rating) had its price target reduced by Alliance Global Partners from $8.50 to $4.00 in a research report sent to investors on Tuesday, The Fly reports.

Orbital Energy Group stock opened at $0.63 on Tuesday. Orbital Energy Group has a 1 year low of $0.59 and a 1 year high of $4.87. The firm has a 50 day moving average price of $0.92 and a 200 day moving average price of $1.45. The company has a market cap of $55.14 million, a price-to-earnings ratio of -0.57 and a beta of 1.31. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.61 and a current ratio of 0.62.

Several institutional investors have recently added to or reduced their stakes in the company. M Holdings Securities Inc. acquired a new stake in Orbital Energy Group in the 1st quarter valued at about $38,000. Shay Capital LLC acquired a new position in shares of Orbital Energy Group in the 4th quarter valued at about $44,000. UBS Group AG increased its holdings in shares of Orbital Energy Group by 314.3% in the 1st quarter. UBS Group AG now owns 27,784 shares of the company's stock valued at $51,000 after purchasing an additional 21,078 shares during the period. Citigroup Inc. acquired a new position in Orbital Energy Group in the first quarter worth approximately $51,000. Finally, Rafferty Asset Management LLC increased its holdings in Orbital Energy Group by 28.5% in the fourth quarter. Rafferty Asset Management LLC now owns 34,871 shares of the company's stock worth $76,000 after buying an additional 7,737 shares during the last quarter. Institutional investors and hedge funds own 41.03% of the company's stock.

Orbital Energy Group, Inc provides electric power, telecommunications, and renewables solutions and services in the United States and India. It designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as offers emergency restoration services, including the repair of infrastructure damaged by inclement weather; and provides services to the electric transmission and substation, industrial, telecommunication, and disaster restoration market sectors.

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