Orbit International (OTCMKTS:ORBT) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Orbit International Corp. (OTCMKTS:ORBT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.42 and traded as high as $3.90. Orbit International shares last traded at $3.90, with a volume of 100 shares changing hands.

Orbit International Stock Performance

The firm’s 50-day moving average price is $4.10 and its two-hundred day moving average price is $3.42. The stock has a market cap of $13.77 million, a price-to-earnings ratio of -2.83 and a beta of 0.10.

Orbit International (OTCMKTS:ORBT) last issued its earnings results on Tuesday, November 11th. The company reported ($0.26) EPS for the quarter. The firm had revenue of $5.78 million for the quarter. Orbit International had a negative return on equity of 29.85% and a negative net margin of 18.70%.

Orbit International Company Profile

Orbit International Corp. engages in the design, manufacture, and sale of electronic components and subsystems, and commercial and custom power units for prime contractors, government procurement agencies, and research and development laboratories worldwide. The company operates in two segments, Electronics Group and Power Group.