Orbit International (OTCMKTS:ORBT) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Orbit International Corp. (OTCMKTS:ORBT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.64 and traded as high as $4.15. Orbit International shares last traded at $4.0810, with a volume of 1,625 shares trading hands.

Orbit International Stock Performance

The firm has a 50 day simple moving average of $4.12 and a 200 day simple moving average of $3.64. The firm has a market cap of $14.39 million, a P/E ratio of -2.96 and a beta of 0.09.

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

About Orbit International

Orbit International (OTCMKTS:ORBT) is a designer and manufacturer of high-reliability power conversion products serving commercial, industrial and military markets. The company’s offerings include AC/DC power supplies, DC/DC converters, EMI filters and related power system components engineered to meet rigorous performance and regulatory requirements.

Orbit International specializes in custom design solutions, working with original equipment manufacturers (OEMs) in aerospace, defense, nuclear and medical sectors.