Arotech Corp. (ARTX) Receives Consensus Rating of “Strong Buy” from Analysts
Arotech Corp. (NASDAQ:ARTX) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price target of $4.50 for the company and are predicting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also assigned Arotech Corp. an industry rank of 31 out of 265 based on the ratings given to its competitors.
A number of brokerages recently weighed in on ARTX. Zacks Investment Research raised shares of Arotech Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, October 11th. B. Riley reissued a “buy” rating and issued a $4.50 price target on shares of Arotech Corp. in a research report on Sunday, August 14th. Finally, TheStreet raised shares of Arotech Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th.
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In other Arotech Corp. news, Chairman Jon B. Kutler bought 10,000 shares of Arotech Corp. stock in a transaction dated 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.30% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in ARTX. Dimensional Fund Advisors LP boosted its stake in shares of 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. TFS Capital LLC acquired a new stake in shares of Arotech Corp. during the second quarter worth approximately $138,000. Spark Investment Management LLC boosted its stake 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. boosted its stake 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 purchased a new position in shares of Arotech Corp. during the second quarter worth about $938,000. 15.99% of the stock is owned by institutional investors and hedge funds.
Arotech Corp. (NASDAQ:ARTX) traded down 3.1755% during midday trading on Tuesday, reaching $3.0887. The company’s stock had a trading volume of 169,307 shares. The firm’s market cap is $78.40 million. The company’s 50-day moving average is $3.03 and its 200 day moving average is $2.97. Arotech Corp. has a 12-month low of $1.35 and a 12-month high of $4.13.
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. Arotech Corp. had a negative net margin of 1.70% and a positive return on equity of 2.25%. The firm earned $21.80 million during the quarter, compared to analysts’ expectations of $21.60 million. Equities analysts forecast that Arotech Corp. will post ($0.09) earnings per share for the current year.
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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