Orbit International Corp. Rating Increased to Buy at C.K. Cooper (ORBT)

C.K. Cooper upgraded shares of Orbit International Corp. (NASDAQ: ORBT) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. The firm currently has $4.50 price target on the stock. 

Orbit International Corp. opened at 3.17 on Wednesday. Orbit International Corp. has a 1-year low of $2.88 and a 1-year high of $4.67. The company has a market cap of $14.5 million and a price-to-earnings ratio of 29.63.

Orbit International Corp. last released its earnings data on Tuesday, November 13th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.12. The company had revenue of $7.86 million for the quarter, compared to the consensus estimate of $7.70 million. On average, analysts predict that Orbit International Corp. will post $0.22 earnings per share for the current fiscal year.

Orbit International Corp. (Orbit) conducts its operations through its Orbit Instrument Division and its wholly owned subsidiaries, Behlman Electronics, Inc.