Insider Buying: Orbit International Major Shareholder Buys 1,100 Shares of Stock (ORBT)
Orbit International (NASDAQ:ORBT) major shareholder Elkhorn Partners Limited Partn acquired 1,100 shares of the stock on the open market in a transaction dated Monday, December 30th. The shares were purchased at an average price of $3.37 per share, for a total transaction of $3,707.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Orbit International (NASDAQ:ORBT) traded up 5.29% during mid-day trading on Thursday, hitting $3.58. The stock had a trading volume of 1,613 shares. Orbit International has a 52 week low of $3.06 and a 52 week high of $3.83. The stock’s 50-day moving average is $3.39 and its 200-day moving average is $3.40. The company has a market cap of $15.8 million and a P/E ratio of 36.96.
Orbit International (NASDAQ:ORBT) last released its earnings data on Thursday, November 7th. The company reported $0.06 EPS for the quarter. The company had revenue of $6.11 million for the quarter, compared to the consensus estimate of $7.86 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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