Orbsat (OTCMKTS:OSAT) Shares Up 4.3% – Still a Buy?

Shares of Orbsat Corp. (OTCMKTS:OSAT) rose 4.3% during mid-day trading on Friday . The stock traded as high as $0.4736 and last traded at $0.4736. Approximately 513,501 shares traded hands during mid-day trading, an increase of 340% from the average daily volume of 116,585 shares. The stock had previously closed at $0.4542.

Orbsat Stock Performance

The firm has a market cap of $3.17 million, a P/E ratio of -0.28 and a beta of 2.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 14.48 and a current ratio of 15.27. The business’s 50-day simple moving average is $0.58 and its 200 day simple moving average is $0.67.

Orbsat Company Profile

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. It also focuses on the distribution, development and reselling of satellite enabled communications hardware. The company was founded in 1997 and is headquartered in Aventura, FL.