Orica (OTCMKTS:OCLDY) Shares Gap Up – Time to Buy?

Orica Limited (OTCMKTS:OCLDYGet Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $14.51, but opened at $16.56. Orica shares last traded at $16.56, with a volume of 122 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Orica to a “hold” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

View Our Latest Analysis on Orica

Orica Price Performance

The stock has a 50-day moving average of $16.44 and a 200 day moving average of $15.70.

Orica Company Profile

(Get Free Report)

Orica Limited is an Australian industrial and mining services company that provides commercial explosives, blasting systems and related technologies. Its products and services are used to break, move and process rock in surface and underground mining, quarrying, construction and infrastructure projects.

The company’s offerings include bulk and packaged explosives, electronic and non-electric initiating systems, blasting services, specialty mining chemicals and ground-support products. Orica also provides digital technologies, technical consulting and data-driven solutions designed to improve blasting outcomes, productivity, safety and environmental performance.

Orica traces its origins to 1874 and is headquartered in Melbourne, Australia.

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