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ORBCOMM (ORBC) in Focus: Stock Moves 6.1% Higher

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ORBCOMM Inc. (ORBC - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 20.16% in the past one-month time frame.

The company has seen two positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for ORBCOMM. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road. 

ORBCOMM currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Another stock worth considering in the Satellite and Communication industry is EchoStar Corporation SATS which carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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