(VIANEWS) – Shares of NORBIT (Oslo Børs Benchmark Index_GI: NORBT.OL) rose by a staggering 28.17% in 21 sessions from kr46.5 to kr59.60 at 17:37 EST on Friday, after three successive sessions in a row of losses. Oslo Børs Benchmark Index_GI is rising 0.86% to kr1,246.02, after two successive sessions in a row of losses.
NORBIT’s last close was kr58.40, 1.68% under its 52-week high of kr59.40.
About NORBIT
Norbit ASA provides technology products and solutions. It operates through Oceans, Connectivity, and Product Innovation and Realization segments. The company offers multibeam sonar systems, including integrated bathymetric systems, bathymetry systems, advanced monitoring systems for dredging, construction and renewables, forward looking wide area imaging, advanced imaging systems for obstacle avoidance/MCM, and above water laser products under the NORBIT WINGHEAD, NORBIT WBMS, NORBIT NORdredge, and NORBIT FLS names; customized cable assemblies, electromechanical box builds, and operational solutions; SeaCOP, a sensor integration platform and user interface common operational picture for emergency response; SECurus provides thermal and daylight stabilized camera solutions; SeaView, which offers thermal and daylight, pan, tilt, and zoom for environmental monitoring, and security and general surveillance; and SeaDarQ, a radar processing solution. It also provides sensing solutions for detecting threats at sea plus waterside security above and below the surface; FCL600, an underwater light solution for aquaculture industry; iData, which offers vehicle monitoring, telematics services, and fleet management for asset and vehicle management; and dedicated short-range communication technology for traffic system and vehicle application. In addition, the company offers research and development services, and contract manufacturing to industrial customers; and sells products based on proprietary technology, including special instrumentation n based on radar, radio frequency, and embedded signal processing technology. The company was founded in 1995 and is headquartered in Trondheim, Norway.
Earnings Per Share
As for profitability, NORBIT has a trailing twelve months EPS of kr2.46.
PE Ratio
NORBIT has a trailing twelve months price to earnings ratio of 24.23. Meaning, the purchaser of the share is investing kr24.23 for every norwegian krone of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 24.78%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, NORBIT’s stock is considered to be overbought (>=80).
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