Orbital Infrastructure Group (NASDAQ:OIG) Stock Price Down 5.3%

Orbital Infrastructure Group, Inc. (NASDAQ:OIG – Get Free Report)’s share price dropped 5.3% on Monday . The company traded as low as $2.79 and last traded at $2.84. Approximately 55,321 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 35,737 shares. The stock had previously closed at $3.00.

Orbital Infrastructure Group Stock Down 5.3 %

The business’s 50 day moving average is $2.19 and its two-hundred day moving average is $4.50.

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Orbital Infrastructure Group (NASDAQ:OIG – Get Free Report) last announced its quarterly earnings results on Tuesday, May 16th. The company reported ($3.00) EPS for the quarter. The business had revenue of $80.19 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of 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. BlackRock Inc. lifted its holdings in shares of Orbital Infrastructure Group by 0.5% during the 1st quarter. BlackRock Inc. now owns 1,190,135 shares of the company’s stock worth $174,000 after acquiring an additional 5,773 shares during the last quarter. Geode Capital Management LLC bought a new stake in shares of Orbital Infrastructure Group during the 4th quarter worth $126,000. Citigroup Inc. bought a new stake in shares of Orbital Infrastructure Group during the 1st quarter worth $51,000. Finally, UBS Group AG lifted its holdings in shares of Orbital Infrastructure Group by 314.3% during the 1st quarter. UBS Group AG now owns 27,784 shares of the company’s stock worth $51,000 after acquiring an additional 21,078 shares during the last quarter.

Orbital Infrastructure Group Company Profile

(Get Free Report)

Orbital Infrastructure Group, Inc provides infrastructure services to customers in the electric power, telecommunications, and renewable industries. It engineers, designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as offers emergency restoration services; and provides drilled shaft foundation construction services to the electric transmission and substation, industrial, telecommunication, and disaster restoration market sectors.

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