Ormat Technologies (NYSE:ORA – Get Rating) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
A number of other research analysts have also recently commented on ORA. TheStreet upgraded shares of Ormat Technologies from a “c+” rating to a “b-” rating in a research report on Thursday, April 7th. Oppenheimer reduced their price target on shares of Ormat Technologies from $86.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, February 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Ormat Technologies presently has an average rating of “Hold” and a consensus price target of $77.25.
Shares of ORA stock traded up $1.16 during trading on Thursday, hitting $70.60. The company had a trading volume of 2,971,619 shares, compared to its average volume of 419,390. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The stock’s 50-day moving average is $78.69 and its two-hundred day moving average is $76.25. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 60.86, a price-to-earnings-growth ratio of 3.71 and a beta of 0.45. Ormat Technologies has a 52 week low of $60.32 and a 52 week high of $88.52.
Ormat Technologies (NYSE:ORA – Get Rating) last posted its quarterly earnings data on Monday, May 2nd. The energy company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $183.71 million for the quarter, compared to analysts’ expectations of $174.20 million. Ormat Technologies had a net margin of 9.59% and a return on equity of 3.70%. On average, research analysts predict that Ormat Technologies will post 1.27 EPS for the current fiscal year.
In related news, Director Dan Falk sold 1,667 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $83.96, for a total value of $139,961.32. Following the completion of the sale, the director now owns 2,014 shares of the company’s stock, valued at $169,095.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stanley Stern sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $80.85, for a total value of $606,375.00. The disclosure for this sale can be found here. Insiders sold 47,661 shares of company stock worth $3,945,340 in…
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