Arotech President Steven D. Esses Unloads 3,000 Shares (ARTX)
Arotech (NASDAQ:ARTX) President Steven D. Esses sold 3,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $4.20, for a total value of $12,600.00. Following the sale, the president now directly owns 987,480 shares in the company, valued at approximately $4,147,416. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Arotech (NASDAQ:ARTX) traded down 0.71% during mid-day trading on Tuesday, hitting $4.17. 166,231 shares of the company’s stock traded hands. Arotech has a 52-week low of $1.00 and a 52-week high of $6.61. The stock’s 50-day moving average is $3.96 and its 200-day moving average is $3.56. The company has a market cap of $81.6 million and a price-to-earnings ratio of 28.19.
Arotech (NASDAQ:ARTX) last released its earnings data on Tuesday, May 13th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.04. The company had revenue of $22.40 million for the quarter, compared to the consensus estimate of $21.30 million. Analysts expect that Arotech will post $0.33 EPS for the current fiscal year.
ARTX has been the subject of a number of recent research reports. Analysts at B. Riley upgraded shares of Arotech from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. They now have a $5.00 price target on the stock. They noted that the move was a valuation call.
Arotech Corporation is a defense and security products and services company, engaged in three business areas: high-level armoring for military and nonmilitary air and ground vehicles; interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military.
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