Zacks Research cut shares of Orica (OTCMKTS:OCLDY – Free Report) from a hold rating to a strong sell rating in a report published on Thursday morning,Zacks reports.
Orica Price Performance
OTCMKTS:OCLDY opened at $14.04 on Thursday. Orica has a fifty-two week low of $12.62 and a fifty-two week high of $19.00. The business has a 50 day moving average price of $15.91 and a 200-day moving average price of $15.54.
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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