Arotech CEO Unloads $31,025 in Stock (ARTX)
Arotech (NASDAQ:ARTX) CEO Robert S. Ehrlich sold 8,500 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $3.65, for a total value of $31,025.00. Following the completion of the sale, the chief executive officer now directly owns 1,232,045 shares of the company’s stock, valued at approximately $4,496,964. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Arotech (NASDAQ:ARTX) traded up 10.36% on Thursday, hitting $4.26. 2,514,581 shares of the company’s stock traded hands. Arotech has a 52-week low of $1.63 and a 52-week high of $6.61. The stock has a 50-day moving average of $3.61 and a 200-day moving average of $4.05. The company has a market cap of $86.5 million and a price-to-earnings ratio of 23.83.
Arotech (NASDAQ:ARTX) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.04. The company had revenue of $27.80 million for the quarter, compared to the consensus estimate of $28.00 million. On average, analysts predict that Arotech will post $0.19 earnings per share for the current fiscal year.
Separately, analysts at B. Riley raised their price target on shares of Arotech from $5.25 to $5.50 in a research note on Wednesday, August 13th. They now have a “buy” rating on the stock.
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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