ORBCOMM Inc (NASDAQ:ORBC) CEO Marc Eisenberg sold 23,960 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $10.89, for a total transaction of $260,924.40. Following the completion of the sale, the chief executive officer now owns 366,508 shares in the company, valued at approximately $3,991,272.12. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of ORBCOMM Inc (ORBC) opened at $10.74 on Wednesday. The stock has a market cap of $797.91, a PE ratio of -13.77 and a beta of 0.84. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.79 and a quick ratio of 2.21. ORBCOMM Inc has a 12 month low of $7.77 and a 12 month high of $11.99.
ORBCOMM (NASDAQ:ORBC) last issued its earnings results on Thursday, November 2nd. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $69.37 million during the quarter, compared to analyst estimates of $65.62 million. ORBCOMM had a negative net margin of 25.32% and a negative return on equity of 8.01%. The business’s revenue for the quarter was up 49.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.04) EPS. sell-side analysts forecast that ORBCOMM Inc will post -0.84 earnings per share for the current year.
ORBC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of ORBCOMM from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BidaskClub lowered shares of ORBCOMM from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $13.08.
ORBCOMM Inc is a provider of Internet of Things (IoT) solutions, including network connectivity, devices, device management and Web reporting applications. The Company’s IoT products and services are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, sea containers, generators, fluid tanks, marine vessels, diesel or electric powered generators (gensets), oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters, in industries for transportation and supply chain, heavy equipment, fixed asset monitoring, maritime and government.
Receive News & Ratings for ORBCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ORBCOMM and related companies with MarketBeat.com's FREE daily email newsletter.