B. Riley Reaffirms Buy Rating for Arotech Corporation (ARTX)
Arotech Corporation (NASDAQ:ARTX)‘s stock had its “buy” rating restated by equities research analysts at B. Riley in a research note issued to investors on Monday. They presently have a $4.50 price target on the aerospace company’s stock. B. Riley’s target price suggests a potential upside of 30.43% from the stock’s current price.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Arotech Corporation from a “buy” rating to a “hold” rating in a report on Friday, May 26th. ValuEngine upgraded Arotech Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th.
Arotech Corporation (NASDAQ:ARTX) traded down 5.48% during trading on Monday, hitting $3.45. 268,526 shares of the stock traded hands. Arotech Corporation has a 12 month low of $2.25 and a 12 month high of $5.00. The company’s market cap is $90.28 million. The company’s 50 day moving average price is $3.67 and its 200 day moving average price is $3.56.
Arotech Corporation (NASDAQ:ARTX) last released its quarterly earnings results on Monday, May 8th. The aerospace company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $22.35 million for the quarter, compared to analyst estimates of $22.56 million. Arotech Corporation had a positive return on equity of 1.59% and a negative net margin of 3.31%. On average, equities research analysts anticipate that Arotech Corporation will post $0.09 EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in the company. Cannell Capital LLC raised its stake in Arotech Corporation by 198.9% in the third quarter. Cannell Capital LLC now owns 997,563 shares of the aerospace company’s stock worth $2,943,000 after buying an additional 663,828 shares during the period. EAM Investors LLC acquired a new position in shares of Arotech Corporation during the second quarter worth approximately $1,337,000. Renaissance Technologies LLC increased its position in shares of Arotech Corporation by 150.9% in the fourth quarter. Renaissance Technologies LLC now owns 733,900 shares of the aerospace company’s stock worth $2,569,000 after buying an additional 441,400 shares in the last quarter. Oxford Asset Management acquired a new position in shares of Arotech Corporation during the second quarter worth approximately $971,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Arotech Corporation by 50.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 818,338 shares of the aerospace company’s stock worth $2,864,000 after buying an additional 274,857 shares in the last quarter. Institutional investors own 21.16% of the company’s stock.
Arotech Corporation 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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