Arotech Corporation (ARTX) Posts Earnings Results, Misses Expectations By $0.02 EPS
Arotech Corporation (NASDAQ:ARTX) released its quarterly earnings data on Tuesday. The aerospace company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.02, RTT News reports. Arotech Corporation had a positive return on equity of 1.59% and a negative net margin of 3.31%. During the same quarter last year, the business posted ($0.03) earnings per share.
Shares of Arotech Corporation (NASDAQ ARTX) traded up 1.45% during mid-day trading on Tuesday, reaching $3.50. 278,386 shares of the company were exchanged. Arotech Corporation has a 12 month low of $2.25 and a 12 month high of $5.00. The stock has a 50 day moving average price of $3.67 and a 200-day moving average price of $3.56. The stock’s market capitalization is $91.59 million.
ARTX has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating and set a $4.50 price target on shares of Arotech Corporation in a report on Monday. Zacks Investment Research downgraded shares of Arotech Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, ValuEngine raised shares of Arotech Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th.
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About Arotech Corporation
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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