Arotech Corp. (ARTX) Trading Up 7.5%
Arotech Corp. (NASDAQ:ARTX)’s share price was up 7.5% during trading on Tuesday . The company traded as high as $3.20 and last traded at $3.14, with a volume of 341,884 shares. The stock had previously closed at $2.92.
A number of equities analysts have recently commented on ARTX shares. B. Riley reiterated a “buy” rating and set a $4.50 price target on shares of Arotech Corp. in a report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Arotech Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, TheStreet upgraded shares of Arotech Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 7th.
The stock’s market cap is $80.34 million. The stock’s 50-day moving average is $2.82 and its 200-day moving average is $2.88.
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Arotech Corp. (NASDAQ:ARTX) last posted its earnings results on Monday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Arotech Corp. had a negative net margin of 1.70% and a positive return on equity of 2.25%. The business had revenue of $21.80 million for the quarter, compared to analysts’ expectations of $21.60 million. Equities research analysts expect that Arotech Corp. will post ($0.09) EPS for the current year.
In other news, Chairman Jon B. Kutler bought 10,000 shares of the stock in a transaction on Monday, August 22nd. The shares were acquired at an average cost of $2.60 per share, for a total transaction of $26,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 17.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Arotech Corp. by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 472,215 shares of the company’s stock valued at $1,327,000 after buying an additional 11,609 shares in the last quarter. TFS Capital LLC bought a new position in shares of Arotech Corp. during the second quarter worth approximately $138,000. Spark Investment Management LLC raised its position in shares of Arotech Corp. by 510.8% in the second quarter. Spark Investment Management LLC now owns 158,800 shares of the company’s stock worth $446,000 after buying an additional 132,800 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Arotech Corp. by 24.0% in the second quarter. Vanguard Group Inc. now owns 942,064 shares of the company’s stock worth $2,647,000 after buying an additional 182,544 shares during the last quarter. Finally, Cannell Capital LLC bought a new position in shares of Arotech Corp. during the second quarter worth approximately $938,000. Institutional investors and hedge funds own 16.00% of the company’s stock.
Arotech Corp. Company Profile
Arotech Corporation is a defense and security products and services company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military, commercial and medical markets. The Company operates through two segments: Training and Simulation Division, and Power Systems Division.
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