Press coverage about ORBCOMM (NASDAQ:ORBC) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ORBCOMM earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.6288379818907 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of research firms have weighed in on ORBC. Roth Capital began coverage on shares of ORBCOMM in a research note on Friday, February 2nd. They issued a “buy” rating and a $14.00 price objective on the stock. BidaskClub lowered shares of ORBCOMM from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Northland Securities set a $15.00 price objective on shares of ORBCOMM and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, Zacks Investment Research lowered shares of ORBCOMM from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.50.
ORBCOMM (NASDAQ:ORBC) opened at $10.80 on Monday. The company has a current ratio of 2.79, a quick ratio of 2.21 and a debt-to-equity ratio of 0.99. ORBCOMM has a 12-month low of $8.10 and a 12-month high of $11.99. The firm has a market cap of $802.36, a PE ratio of -13.67 and a beta of 0.89.
ORBCOMM Company Profile
ORBCOMM Inc is a provider of Internet of Things (IoT) solutions, including network connectivity, devices, device management and Web reporting applications. The Company’s IoT products and services are designed to track, monitor and manage security for a range of assets, such as trailers, trucks, rail cars, sea 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 industries for transportation and supply chain, heavy equipment, fixed asset monitoring, maritime and government.
Receive News & Ratings for ORBCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ORBCOMM and related companies with MarketBeat.com's FREE daily email newsletter.