ORBCOMM (NASDAQ:ORBC) Downgraded by BidaskClub to Strong Sell
BidaskClub downgraded shares of ORBCOMM (NASDAQ:ORBC) from a sell rating to a strong sell rating in a research note published on Saturday, October 12th, BidAskClub reports.
ORBC has been the subject of several other reports. Zacks Investment Research downgraded shares of ORBCOMM from a hold rating to a sell rating in a research note on Tuesday, October 1st. Craig Hallum upgraded shares of ORBCOMM from a hold rating to a buy rating and set a $7.50 price target on the stock in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. ORBCOMM presently has a consensus rating of Hold and a consensus target price of $8.75.
Shares of NASDAQ ORBC traded up $0.05 during mid-day trading on Friday, reaching $4.57. 48,422 shares of the company were exchanged, compared to its average volume of 1,011,288. The company has a quick ratio of 2.14, a current ratio of 2.77 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $328.80 million, a PE ratio of -13.91 and a beta of 1.01. The company’s 50 day moving average price is $4.65 and its 200 day moving average price is $6.15. ORBCOMM has a 52 week low of $3.58 and a 52 week high of $10.47.
ORBCOMM (NASDAQ:ORBC) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported ($0.05) earnings per share for the quarter, hitting the conse....