Orbital Infrastructure Group (NASDAQ:OIG) Shares Down 8.1%

Orbital Infrastructure Group, Inc. (NASDAQ:OIG – Get Rating) traded down 8.1% on Friday . The company traded as low as $2.05 and last traded at $2.05. 16,344 shares traded hands during trading, a decline of 53% from the average session volume of 35,021 shares. The stock had previously closed at $2.23.

Orbital Infrastructure Group Stock Performance

The stock has a 50 day moving average price of $2.21 and a two-hundred day moving average price of $5.10.

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Orbital Infrastructure Group (NASDAQ:OIG – Get Rating) last posted its quarterly earnings data on Tuesday, May 16th. The company reported ($3.00) EPS for the quarter. Orbital Infrastructure Group had a negative return on equity of 345.21% and a negative net margin of 77.90%. The company had revenue of $80.19 million for the quarter.

Hedge Funds Weigh In On Orbital Infrastructure Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Citigroup Inc. bought a new position in shares of Orbital Infrastructure Group in the 1st quarter valued at $51,000. UBS Group AG increased its stake in shares of Orbital Infrastructure Group by 314.3% in the 1st quarter. UBS Group AG now owns 27,784 shares of the company’s stock valued at $51,000 after purchasing an additional 21,078 shares during the last quarter. State Street Corp grew its position in Orbital Infrastructure Group by 9.2% during the 1st quarter. State Street Corp now owns 181,616 shares of the company’s stock worth $334,000 after acquiring an additional 15,253 shares during the last quarter. Morgan Stanley bought a new stake in Orbital Infrastructure Group during the 4th quarter worth $42,000. Finally, WealthTrust Axiom LLC bought a new stake in Orbital Infrastructure Group during the 1st quarter worth $65,000.

About Orbital Infrastructure Group

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Orbital Infrastructure Group, Inc engages in the acquisition, development and commercialization of electro-mechanical products and technologies worldwide. It operates through the following segments: Electric Power, Telecommunications and Renewables. The Electric Power segment provides comprehensive infrastructure solutions to customers in the electric power industry.

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