Zacks Investment Research Downgrades ORIENT O/SEAS INTL (OROVY) to Hold
ORIENT O/SEAS INTL (NASDAQ:OROVY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.
According to Zacks, “Orient Overseas (International) Limited through its subsidiaries operates as a provider of container transport and logistics services. Its principal business activities include container transport and logistics services, ports and terminals, and property investment. The Company also provides freight management services, extensive domestic distribution services and supply-chain management. It also operates container terminals which forms an integral part of its international containerized transportation business. Orient Overseas (International) Limited is headquartered in Wanchai, Hong Kong. “
Shares of ORIENT O/SEAS INTL (NASDAQ:OROVY) opened at 45.87 on Friday. ORIENT O/SEAS INTL has a 12-month low of $17.56 and a 12-month high of $47.48. The stock’s market cap is $5.74 billion. The stock’s 50 day moving average is $46.21 and its 200-day moving average is $32.97.
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