OB:NORBTElectronic
Norbit (OB:NORBT) Secures A Toll4Europe Contract, Is It Still 18% Below Fair Value?
Norbit (OB:NORBT) is back in focus after its Connectivity segment secured a GNSS On-Board Unit order worth about NOK 325 million from European Electronic Toll Service provider Toll4Europe.
See our latest analysis for Norbit.
The GNSS On-Board Unit contract has arrived while Norbit’s share price has risen 1.3% over the past day and 3.2% over the past week, although the 90 day share price return is down 22.9%. Over longer horizons, total shareholder return is down 9.3% over one year but still...