Insider Selling: Arotech President Sells 3,000 Shares of Stock (ARTX)
Arotech (NASDAQ:ARTX) President Steven D. Esses sold 3,000 shares of Arotech stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $4.46, for a total value of $13,380.00. Following the completion of the sale, the president now directly owns 984,480 shares of the company’s stock, valued at approximately $4,390,781. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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.
Shares of 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 has a 50-day moving average of $4.48 and a 200-day moving average of $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 released its earnings data 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. Analysts expect that Arotech will post $0.17 EPS for the current fiscal year.
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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