Orbsat (OTCMKTS:OSAT) Stock Price Up 4.7% – Time to Buy?

Orbsat Corp. (OTCMKTS:OSAT) shares shot up 4.7% during mid-day trading on Wednesday . The stock traded as high as $0.6799 and last traded at $0.67. 200,622 shares traded hands during trading, an increase of 72% from the average session volume of 116,585 shares. The stock had previously closed at $0.6398.

Orbsat Stock Up 4.7%

The business has a 50-day moving average price of $0.64 and a 200 day moving average price of $0.73. 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 stock has a market capitalization of $4.34 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.