Shares of Orbsat Corp. (OTCMKTS:OSAT – Get Free Report) fell 8.4% on Thursday . The stock traded as low as $1.09 and last traded at $1.09. 50,924 shares were traded during mid-day trading, a decline of 56% from the average session volume of 116,585 shares. The stock had previously closed at $1.19.
Orbsat Stock Performance
The business’s 50-day moving average price is $1.30 and its 200-day moving average price is $1.20. The company has a current ratio of 15.27, a quick ratio of 14.48 and a debt-to-equity ratio of 0.01.
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.
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