Large Outflow of Money Witnessed in Ormat Technologies

Ormat Technologies (NYSE:ORA) managed to stay afloat and traded higher with an addition of 0.11 point or 0.26% at $42.75. The money flow data is a negative $(-3.66) million with $0 million in upticks and $3.66 million in downticks. The intraday up/down ratio came in at 0. The shares have seen -0.88% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $3.65, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-3.65) million.

Ormat Technologies, Inc. has dropped 1.11% in the last five trading days, however, the shares have posted positive gains of 2.16% in the last 4 weeks. Ormat Technologies, Inc. is up 4.02% in the last 3-month period. Year-to-Date the stock performance stands at 18.04%.

Currently the company Insiders own 22.97% of Ormat Technologies shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.55% . Institutional Investors own 41.82% of Ormat Technologies shares. During last six month period, the net percent change held by insiders has seen a change of -7.51%. . On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive V.P., Projects) of Ormat Technologies, Inc., Argas Shlomi had sold 6,344 shares worth of $282,942 in a transaction dated June 8, 2016. In this transaction, 6,344 shares were sold at $44.6 per share.

Ormat Technologies (NYSE:ORA) rose 0.02% or 0.01 points on Friday and made its way into the gainers of the day. After trading began at $42.54 the stock was seen hitting $42.88 as a peak level and $42.38 as the lowest level. The stock ended up at $42.65. The daily volume was measured at 238,709 shares. The 52-week high of the share price is $45.13 and the 52-week low is $32.25. The company has a market cap of $2,106 million.

Ormat Technologies, Inc. is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants various countries, including the United States of America, Kenya and Guatemala. The companys equipment manufacturing operations are located in Israel. The Company conducts its business activities in two business segments: Electricity Segment and Product Segment. The Product Segment designs, manufactures and sells equipment for geothermal and recovered energy-based electricity generation, remote power units and other power generating units, and provide services relating to the engineering, procurement, construction, operation and maintenance of geothermal, and recovered energy-based power plants. The Companys customers include Southern California Edison, Sierra Pacific Power Company, Nevada Power Company, HELCO and SCPPA.

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