Orange (OTCMKTS:ORANY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Orange (OTCMKTS:ORANY) saw an uptick in trading volume on Friday . 396,459 shares changed hands during trading, an increase of 96% from the previous session’s volume of 201,979 shares.The stock last traded at $19.51 and had previously closed at $19.43.

Analyst Upgrades and Downgrades

ORANY has been the subject of several research analyst reports. Citigroup upgraded Orange from a “hold” rating to a “buy” rating in a research report on Tuesday, January 6th. Sanford C. Bernstein raised shares of Orange to a “hold” rating in a report on Tuesday, October 21st. Zacks Research cut shares of Orange from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Orange in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Orange presently has an average rating of “Moderate Buy”.

Orange Stock Performance

The company has a debt-to-equity ratio of 0.89, a current ratio of 0.89 and a quick ratio of 0.86. The company has a 50-day moving average price of $16.99 and a 200-day moving average price of $16.41.

Orange Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd were paid a $0.2392 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 395.0%.

Orange Company Profile

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.