Insider Buying: Elkhorn Partners Limited Partn Buys 7,300 Shares of Orbit International Stock (ORBT)
Orbit International (NASDAQ:ORBT) major shareholder Elkhorn Partners Limited Partn purchased 7,300 shares of the stock on the open market in a transaction that occurred on Monday, July 14th. The shares were purchased at an average cost of $2.92 per share, for a total transaction of $21,316.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Orbit International (NASDAQ:ORBT) opened at 2.83 on Friday. Orbit International has a 52-week low of $2.60 and a 52-week high of $3.80. The stock has a 50-day moving average of $2.93 and a 200-day moving average of $3.07. The company’s market cap is $12.4 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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