Orbit International (OTCMKTS:ORBT – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.51) earnings per share for the quarter, Zacks reports. Orbit International had a negative net margin of 19.24% and a negative return on equity of 34.08%.
Orbit International Stock Down 17.5%
Shares of OTCMKTS ORBT traded down $0.68 during trading hours on Thursday, reaching $3.20. 101,894 shares of the stock traded hands, compared to its average volume of 26,788. The company’s 50-day simple moving average is $4.52 and its two-hundred day simple moving average is $5.01. The company has a market capitalization of $11.30 million, a P/E ratio of -2.42 and a beta of 0.56. Orbit International has a 52-week low of $2.42 and a 52-week high of $13.57.
Orbit International Company Profile
Orbit International (OTCMKTS:ORBT) is a designer and manufacturer of high-reliability power conversion products serving commercial, industrial and military markets. The company’s offerings include AC/DC power supplies, DC/DC converters, EMI filters and related power system components engineered to meet rigorous performance and regulatory requirements.
Orbit International specializes in custom design solutions, working with original equipment manufacturers (OEMs) in aerospace, defense, nuclear and medical sectors.
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