Shares of Orion Engineered Carbons S.A (NYSE:OEC) traded today at $20.82, eclipsing its 52-week high. So far today approximately 207,000 shares have been exchanged, as compared to an average 30-day volume of 409,000 shares.
Orion Engineered Carbons S.A share prices have moved between a 52-week high of $20.82 and a 52-week low of $5.93 and are now trading 246% above that low price at $20.52 per share.
Potential upside of 24.3% exists for Orion Engineered Carbons S.A, based on a current level of $20.52 and analysts’ average consensus price target of $25.51.
Orion Engineered Carbons SA is a producer of carbon black. The company’s operating segments are Specialty Carbon Black and Rubber Carbon Black. It generates maximum revenue from the Rubber Carbon Black segment. Rubber Carbon Black segment is used in the reinforcement of rubber in tires and mechanical rubber goods. The Specialty Carbon Black segment is used as pigments and performance additives in coatings, polymers, printing, and special applications. Geographically, it derives a majority of revenue from Germany.
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