Arotech Corp. (ARTX) Sees Large Volume Increase
Arotech Corp. (NASDAQ:ARTX) shares saw an uptick in trading volume on Wednesday . 143,214 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 111,208 shares.The stock last traded at $3.12 and had previously closed at $3.11.
A number of research firms have issued reports on ARTX. Zacks Investment Research upgraded shares of Arotech Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 12th. TheStreet upgraded shares of Arotech Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Finally, B. Riley restated a “buy” rating and issued a $4.50 price objective on shares of Arotech Corp. in a research note on Tuesday, August 9th.
The stock’s market capitalization is $79.45 million. The firm has a 50 day moving average price of $2.83 and a 200 day moving average price of $2.89.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/arotech-corp-artx-sees-large-volume-increase.html
Arotech Corp. (NASDAQ:ARTX) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $21.80 million for the quarter, compared to the consensus estimate of $21.60 million. Arotech Corp. had a negative net margin of 1.70% and a positive return on equity of 2.25%. On average, equities analysts anticipate that Arotech Corp. will post ($0.09) EPS for the current fiscal year.
In other Arotech Corp. news, Chairman Jon B. Kutler bought 10,000 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was acquired at an average cost of $2.60 per share, with a total value of $26,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 17.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of ARTX. Cannell Capital LLC acquired a new stake in Arotech Corp. during the second quarter worth about $938,000. Spark Investment Management LLC boosted its stake in 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. TFS Capital LLC acquired a new stake in Arotech Corp. during the second quarter worth about $138,000. Vanguard Group Inc. boosted its stake in 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, 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 worth $1,327,000 after buying an additional 11,609 shares during the last quarter. 16.00% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Arotech Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arotech Corp. and related companies with MarketBeat.com's FREE daily email newsletter.