Arotech CEO Robert S. Ehrlich Sells 8,500 Shares (ARTX)
Arotech (NASDAQ:ARTX) CEO Robert S. Ehrlich sold 8,500 shares of Arotech stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $4.46, for a total transaction of $37,910.00. Following the sale, the chief executive officer now directly owns 1,333,045 shares of the company’s stock, valued at approximately $5,945,381. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Arotech (NASDAQ:ARTX) traded down 0.44% on Friday, hitting $4.52. 161,339 shares of the company’s stock traded hands. Arotech has a one year low of $1.32 and a one year high of $6.61. The stock’s 50-day moving average is $4.48 and its 200-day moving average is $3.89. The company has a market cap of $88.5 million and a price-to-earnings ratio of 30.47.
Arotech (NASDAQ:ARTX) last announced its earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Arotech will post $0.17 earnings per share for the current fiscal year.
Separately, 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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