Zacks Investment Research upgraded ORBCOMM Inc (NASDAQ:ORBC) to Hold in a statement released earlier today.
- Updated: October 8, 2016
Having a price of $9.95, ORBCOMM Inc (NASDAQ:ORBC) traded -1.21% lower on the day. The last closing price is up -0.79% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. ORBCOMM Inc has recorded a 50-day average of $10.04 and a two hundred day average of $9.91. Trade Volume was down over the average, with 277,672 shares of ORBC changing hands under the typical 409,232
Zacks Investment Research has upgraded ORBCOMM Inc (NASDAQ:ORBC) to Hold in a statement released on 10/06/2016.
Previously on Wednesday May 18, 2016, First Analysis reported on ORBCOMM Inc (NASDAQ:ORBC) increased the target price from $11.00 to $14.00. At the time, this indicated a possible upside of 0.53%.
Recent Performance Chart
With a total market value of $0, ORBCOMM Inc has 52 week low of $5.73 and a one year high of $10.98 .
In addition to Zacks Investment Research reporting its price target, a total of 7 analysts have released a research note on the company. The average stock price target is $11.21 with 4 brokers rating the stock a strong buy, 4 firms rating the company a buy, zero brokers rating the stock a hold, zero firms rating the stock a underperform, and finally zero equity analysts rating the company a sell.
General Company Details For ORBCOMM Inc (NASDAQ:ORBC)
ORBCOMM Inc. is a provider of machine-to-machine (M2M) solutions, including network connectivity, devices and Web reporting applications. The Company's M2M products and services are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, intermodal 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 the transportation and distribution, heavy equipment, oil and gas, maritime and government industries. It provides Automatic Identification System (AIS) data services to assist in vessel navigation and to improve maritime safety to government and commercial customers across the world. The Company provides its services using various network platforms, including its own constellation of approximately 40 low-Earth orbit (LEO) satellites and its accompanying ground infrastructure.
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