Orbsat OSAT shares are trading higher after the company announced its Global Telesat Communications unit was approved as a Gold-Supplier on Alibaba.com.
Orbsat provides mobile satellite services solutions for various connectivity services in the US and internationally. GTCTrack is the company’s subscription-based portal that allows managers to track and control assets in near-real-time. Its solutions include satellite communications, IoT tracking and Internet, as well as emergency locator beacons.
At the time of publication, shares of Orbsat were trading 44.8% higher at $9.66. The stock has a 52-week low of $1.90 and a 52-week high of $14.85.
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