Alert: Major Price Decline (8/2/24)-Orion Engineered Carbons SA (NYSE: OEC).

Orion Engineered Carbons SA (NYSE: OEC) stock suffered a major decline of -22.4% on 8/2/24. The shares closed at $17.88. Moreover, exceptionally high trading volume at 450% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -25.1% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be above the cost of capital, OEC is expected to continue to be a major Value Builder.

Orion Engineered Carbons has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Orion Engineered Carbons has a slightly positive Appreciation Score of 66 but a slightly negative Power Rating of 33, and the Neutral Value Trend Rating results.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.