ORBCOMM Upgraded to Buy by Craig Hallum (ORBC)
ORBCOMM (NASDAQ:ORBC) was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Shares of ORBCOMM (NASDAQ:ORBC) traded up 0.16% during mid-day trading on Monday, hitting $6.08. The stock had a trading volume of 113,546 shares. ORBCOMM has a one year low of $3.56 and a one year high of $8.21. The stock’s 50-day moving average is $6.31 and its 200-day moving average is $6.65. The company has a market cap of $335.5 million and a price-to-earnings ratio of 104.66.
ORBCOMM (NASDAQ:ORBC) last released its earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $19.40 million for the quarter, compared to the consensus estimate of $19.77 million. Analysts expect that ORBCOMM will post $0.06 EPS for the current fiscal year.
ORBCOMM Inc (NASDAQ:ORBC) operates a global commercial wireless messaging system optimized for narrowband communications.
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