Orbital Sciences Stock Hits New 52-Week Low (ORB)

NEW YORK ( TheStreet) -- Orbital Sciences Corporation (NYSE: ORB) hit a new 52-week low Wednesday as it is currently trading at $11.49, below its previous 52-week low of $11.54 with 225,582 shares traded as of 3:11 p.m. ET. Average volume has been 371,000 shares over the past 30 days.

Orbital Sciences has a market cap of $712 million and is part of the industrial goods sector and aerospace/defense industry. Shares are down 16.9% year to date as of the close of trading on Tuesday.

Orbital Sciences Corporation develops and manufactures small and medium-class rockets and space systems for commercial, military, and civil government customers. The company operates in three segments: Launch Vehicles, Satellites and Space Systems, and Advanced Space Programs. The company has a P/E ratio of 10.6, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Orbital Sciences as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins. You can view the full Orbital Sciences Ratings Report.

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