orphan

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Orphan Stock

A stock that is not often tracked by analysts. This may be because it is not very well known or because it belongs to an industry that is generally performing poorly. As a result these stocks have low demand and often a low price. Some value investors recommend buying orphan stocks because they could be undervalued. However, because demand is low, orphan stocks have low trading volume and a small change in demand may result in volatility in price. An orphan stock is also called a wallflower.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

orphan

Of or relating to a security that is not regularly covered by security analysts. An orphan security is likely to attract little investor interest and to sell at a relatively low price compared with other securities of the same type. For example, an orphan stock is likely to sell at a low price-earnings ratio and an orphan bond will offer a relatively high yield.
Case Study Many individuals in the financial community believe investment banking firms have an obligation to provide continuing research coverage of companies they take public. Research coverage increases a firm's exposure to the investment community, an important benefit for the firm and its shareholders, especially investors who acquired stock during the initial public offering. Dropping coverage of a small company and causing the stock to become an orphan can have a devastating effect on the stock's liquidity and market price. In some instances coverage is discontinued because of a loss of investor interest, in which case any remaining investor interest can virtually disappear. Orphan stocks became more common in the tech stock meltdown of 2000-01. In October 2001 Credit Suisse First Boston dropped coverage of Evolve Software, a software and fiber optics company that CSFB took public for $9 a share in August 2000. Although the stock quickly tripled in price following the initial public offering, it soon got caught in the downdraft of the bear market for technology stocks and had declined to approximately 25¢ per share by the time CSFB dropped its coverage of the firm. The analyst at Credit Suisse First Boston remained bullish on the stock until coverage was suddenly dropped a little more than a year after his firm managed the initial public offering.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
'Irrespective of what goes on in the NYSC in Cross River, we would always identify with the orphanage. However, the orphanage should endeavour to always invite the Corp to partner with them whenever they have an event.'
With the help of the neighbours, the couple has been able to marry off as many as 15 girls from the orphanage. They say that the number of girls has become less; therefore, people adopt less number of girls these days.
"We can contribute to the problem by supporting unhelpful forms of care through our funding or volunteering; in turn creating an orphanage industry and a 'demand' for orphans," opposition politician Barry Sheerman said ahead of the event.
Earlier, Jonas had also shared a video of Chopra dancing on her song Tune Maari Entriyaan and captioned it as "St Catherine's Orphanage today.
We understand and opened this private orphanage. It accommodates 50 children," Director of the public fund Venera Kudaibergenova noted.
Four days later, the Associated Press (AP) reported that IBESR official Andolphe Guillaume had shown one of its journalists a December 2017 report noting that at least six of 33 children tested at the orphanage had chlamydia and recommended further investigation.
Currently, a total of 609 children are residing at 'Aaghosh Centres' (orphanages) run by the Al-Khidmat Foundation in such different cities as Attock, Rawalpindi, Islamabad, Rawalakot, Bagh, Peshawar, Mansehra and Sheikhupura.
In January, the Ministry of Social Solidarity announced the closure of an orphanage, after a five-minute footage circulated on social media revealing possible child abuse.
Amicus Curie Bashir Ahmad Bashir highlighted what he called the decrepit condition of the buildings housing orphanages in various districts.
The American couple accused of running an orphanage here without a permit was released on Tuesday after the complaints of human trafficking and child abuse were dismissed by the city prosecutor.
The Jewish Orphan Home of Western Canada was the sole Jewish orphanage that served the far-flung Jewish communities of Western Ontario, Manitoba, Saskatchewan, Alberta and British Columbia from 1917 until it was closed in 1948.
GAZA, Dec 8 (KUNA) -- The Kuwait Red Crescent Society (KRCS) has distributed 300 parcels of humanitarian aid to children in Al-Amal Orphanage in Gaza Strip.