Shares of Orbital Tracking Corp (OTCMKTS:TRKK – Get Free Report) dropped 6.7% on Wednesday . The company traded as low as $1.34 and last traded at $1.39. Approximately 214,797 shares changed hands during trading, an increase of 11,338% from the average daily volume of 1,878 shares. The stock had previously closed at $1.49.
Orbital Tracking Stock Down 5.4 %
The firm’s 50-day moving average price is $1.49 and its two-hundred day moving average price is $1.62. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 0.89. The firm has a market cap of $2.36 million, a PE ratio of -0.99 and a beta of 3.27.
About Orbital Tracking
Orbital Tracking Corp., through its subsidiaries, develops, distributes, and resells satellite enabled communications hardware; and provides products, airtime, and related services to customers in the United States and internationally. The company also provides equipment and airtime for use on various satellite networks, as well as short-term rental service for customers who want to use its equipment for a limited time period.
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