Insider Buying: Orbit International Major Shareholder Buys 4,002 Shares of Stock (ORBT)
Orbit International (NASDAQ:ORBT) major shareholder Elkhorn Partners Limited Partn purchased 4,002 shares of the stock on the open market in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average cost of $3.37 per share, for a total transaction of $13,486.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Orbit International (NASDAQ:ORBT) remained flat at $3.40 during during mid-day trading trading on Wednesday. The stock had a trading volume of 1,200 shares. Orbit International has a 52-week low of $2.88 and a 52-week high of $3.83. The stock has a 50-day moving average of $3.42 and a 200-day moving average of $3.47. The company has a market cap of $15.0 million and a price-to-earnings ratio of 14.35.
Orbit International (NASDAQ:ORBT) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.04. The company had revenue of $6.48 million for the quarter, compared to the consensus estimate of $7.51 million.
Orbit International Corp. (NASDAQ:ORBT) conducts its operations through its Orbit Instrument Division and its wholly owned subsidiaries, Behlman Electronics, Inc(Behlman), TDL Development Laboratory, Inc (TDL) and Integrated Consulting Services, Inc (ICS) and Integrated Combat Systems (ICS).
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