The latest update is out from Orbit ( (IL:ORBI) ).
Orbit announced that Zeev Stein has ceased to be an interested party following the sale of 1,000,000 ordinary shares outside the stock exchange. This action has marginally affected the holding rates in the company, with Stein’s ownership dropping to 4.54% of the company’s capital and 4.56% of voting rights. This development is part of the company’s broader shareholder restructuring and does not significantly impact its operational strategies. The announcement signals a shift in stakeholder dynamics, aligning with regulation compliance and ensuring transparency in financial reporting.
More about Orbit
Orbit operates in the technology sector, focusing primarily on wireless technologies. The company’s securities are listed for trading on the Tel Aviv Stock Exchange, indicating a market focus that involves advanced communication products and services. The organization is known for its development of innovative solutions in the wireless communication industry.
YTD Price Performance: 1.81%
Average Trading Volume: 47,314
Current Market Cap: ILS781.9M
Find detailed analytics on ORBI stock on TipRanks’ Stock Analysis page.