Orbcomm Inc Gets a Buy Rating from Northland Securities

By Carrie Williams

Northland Securities analyst Michael Latimore reiterated a Buy rating on Orbcomm Inc (NASDAQ: ORBC) yesterday and set a price target of $13. The company’s shares opened today at $11.07.

According to TipRanks.com, Latimore is a 1-star analyst with an average return of -1.5% and a 50.0% success rate. Latimore covers the Technology sector, focusing on stocks such as Great Elm Capital Group Inc, Interactive Intelligence, and Nuance Communications.

Orbcomm Inc has an analyst consensus of Strong Buy, with a price target consensus of $13.

The company has a one year high of $11.99 and a one year low of $7.15. Currently, Orbcomm Inc has an average volume of 497.7K.

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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.