Orbsat Corp. (OTCMKTS:OSAT – Get Free Report)’s stock price fell 0.9% during trading on Thursday . The company traded as low as $0.6220 and last traded at $0.6650. 23,798 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 116,585 shares. The stock had previously closed at $0.6710.
Orbsat Trading Down 0.9%
The company’s fifty day moving average is $0.64 and its 200-day moving average is $0.72. The company has a current ratio of 15.27, a quick ratio of 14.48 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $4.31 million, a P/E ratio of -0.38 and a beta of 2.22.
About Orbsat
Orbsat Corp. engages in the provision of satellite based services and solutions for commercial, government and individual users. The firm’s services include satellite communication solutions, emergency location systems, high-speed satellite internet and global asset and personnel monitoring, customized ground station systems and custom product design. It also focuses on the distribution, development and reselling of satellite enabled communications hardware. The company was founded in 1997 and is headquartered in Aventura, FL.
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