Insider Buying: Elkhorn Partners Limited Partn Acquires 10,703 Shares of Orbit International Stock (ORBT)
Orbit International (NASDAQ:ORBT) major shareholder Elkhorn Partners Limited Partn purchased 10,703 shares of the stock on the open market in a transaction dated Tuesday, February 11th. The stock was purchased at an average price of $3.48 per share, with a total value of $37,246.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Orbit International (NASDAQ:ORBT) traded down 2.53% during mid-day trading on Thursday, hitting $3.47. 26,261 shares of the company’s stock traded hands. 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 $3.50 and its 200-day moving average is $3.4. The company has a market cap of $15.3 million and a P/E ratio of 38.70.
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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