Orbcomm (ORBC) Receives a Sell from Raymond James

Raymond James analyst Ric Prentiss reiterated a Sell rating on Orbcomm (ORBC) today. The company’s shares closed last Monday at $11.20, close to its 52-week high of $11.55.

According to TipRanks.com, Prentiss is a 4-star analyst with an average return of 5.1% and a 68.7% success rate. Prentiss covers the Technology sector, focusing on stocks such as Shenandoah Telecommunications Co, Telephone & Data Systems, and United States Cellular.

Currently, the analyst consensus on Orbcomm is a Hold with an average price target of $11.50.

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Orbcomm’s market cap is currently $888.2M and has a P/E ratio of -23.80. The company has a Price to Book ratio of -33.69.

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ORBCOMM, Inc. engages in the provision of network connectivity, devices, device management, and web reporting applications. Its products are designed to track, monitor, control and enhance security for a variety of assets, such as heavy equipment; fixed asset monitoring; government and homeland security; and in industries for manufacturing, warehousing, and supply chain management. It operates through the following geographical segments: United States, South America, Japan, Europe, and Other. The company was founded on April 4, 2001 and is headquartered in Rochelle Park, NJ.

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