Orbsat (OTCMKTS:OSAT) Shares Down 9.1% – Should You Sell?

Orbsat Corp. (OTCMKTS:OSAT) dropped 9.1% on Monday . The company traded as low as $0.82 and last traded at $0.85. Approximately 60,438 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 116,585 shares. The stock had previously closed at $0.94.

Orbsat Price Performance

The company has a fifty day moving average price of $1.00 and a two-hundred day moving average price of $1.11. The company has a quick ratio of 14.48, a current ratio of 15.27 and a debt-to-equity ratio of 0.01.

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.