Orica (OTCMKTS:OCLDY – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday, Zacks reports.
Orica Stock Performance
Shares of Orica stock opened at $14.04 on Thursday. The company’s 50 day moving average is $15.91 and its 200 day moving average is $15.54. Orica has a twelve month low of $12.62 and a twelve month high of $19.00.
About Orica
Orica Limited is an Australia-based mining and infrastructure services company that develops and supplies commercial explosives, blasting systems and related technologies. Its products are used to fragment and extract rock in surface and underground mining, quarrying, construction and civil infrastructure projects.
The company also provides blasting services, digital monitoring and optimization solutions, ground support products, and specialty chemicals. Its chemical businesses serve industrial and mining applications, including water treatment and mineral processing.
Orica traces its origins to 1874 and is headquartered in Melbourne, Australia.
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