Orbit International (OTCMKTS:ORBT) Issues Quarterly Earnings Results

Orbit International (OTCMKTS:ORBT) announced its earnings results on Thursday. The company reported ($0.51) earnings per share for the quarter, Zacks reports. Orbit International had a negative return on equity of 34.08% and a negative net margin of 19.24%.

Orbit International Stock Down 17.5%

Shares of ORBT stock traded down $0.68 during trading on Thursday, hitting $3.20. The company had a trading volume of 101,894 shares, compared to its average volume of 26,788. The stock’s 50-day moving average is $4.52 and its two-hundred day moving average is $5.01. The stock has a market capitalization of $11.30 million, a price-to-earnings ratio of -2.42 and a beta of 0.56. Orbit International has a 52 week low of $2.42 and a 52 week high of $13.57.

Orbit International Company Profile

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.