Arotech Corp. (NASDAQ:ARTX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Arotech Corporation operates two business divisions: Electric Fuel Batteries — developing and manufacturing zinc-air batteries for military and homeland security applications and developing electric vehicle batteries for zero emission public transportation; and Arotech Defense — consisting of IES Interactive, which provides advanced high-tech multimedia training systems for law enforcement and paramilitary organizations, MDT Armor, which provides vehicle armoring for the military, industrial and private sectors, and Arcon Security. “

Several other brokerages have also issued reports on ARTX. TheStreet upgraded Arotech Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. B. Riley restated a “buy” rating and set a $4.50 price target on shares of Arotech Corp. in a research note on Tuesday, August 9th.

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

Arotech Corp. (NASDAQ:ARTX) traded down 6.29% during trading on Tuesday, hitting $3.28. 588,472 shares of the stock traded hands. Arotech Corp. has a 52-week low of $1.32 and a 52-week high of $4.13. The stock has a 50 day moving average price of $2.98 and a 200-day moving average price of $2.95. The stock’s market cap is $83.26 million.

Arotech Corp. (NASDAQ:ARTX) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Arotech Corp. had a positive return on equity of 2.25% and a negative net margin of 1.70%. The business earned $21.80 million during the quarter, compared to analysts’ expectations of $21.60 million. On average, analysts anticipate that Arotech Corp. will post ($0.09) EPS for the current fiscal year.

In other news, Chairman Jon B. Kutler purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were purchased at an average cost of $2.60 per share, for a total transaction of $26,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 17.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. EAM Investors LLC bought a new stake in Arotech Corp. during the second quarter valued at $1,337,000. Oxford Asset Management bought a new stake in Arotech Corp. during the second quarter valued at $971,000. Dimensional Fund Advisors LP raised 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. Vanguard Group Inc. raised 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 valued at $2,647,000 after buying an additional 182,544 shares in the last quarter. Finally, TFS Capital LLC bought a new stake in Arotech Corp. during the second quarter valued at $138,000. Institutional investors 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.

5 Day Chart for NASDAQ:ARTX

Get a free copy of the Zacks research report on Arotech Corp. (ARTX)

For more information about research offerings from Zacks Investment Research, visit

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's FREE daily email newsletter.