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

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. “

Separately, B. Riley reaffirmed a “buy” rating and issued a $4.50 price target on shares of Arotech Corporation in a research report on Monday, August 7th.

Arotech Corporation (NASDAQ:ARTX) traded down 1.25% during midday trading on Wednesday, hitting $3.95. The stock had a trading volume of 139,541 shares. The stock’s market cap is $103.55 million. The company’s 50-day moving average price is $3.71 and its 200 day moving average price is $3.47. Arotech Corporation has a 12-month low of $2.25 and a 12-month high of $5.00.

Arotech Corporation (NASDAQ:ARTX) last announced its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Arotech Corporation had a positive return on equity of 3.20% and a negative net margin of 3.09%. The company had revenue of $21.45 million during the quarter, compared to analyst estimates of $22.70 million. During the same period in the prior year, the firm earned ($0.03) EPS. On average, equities research analysts predict that Arotech Corporation will post $0.18 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Arotech Corporation by 32.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,082,745 shares of the aerospace company’s stock worth $3,194,000 after buying an additional 264,407 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Arotech Corporation by 1.9% in the second quarter. Vanguard Group Inc. now owns 1,038,240 shares of the aerospace company’s stock worth $3,686,000 after buying an additional 19,082 shares during the last quarter. Essex Investment Management Co. LLC lifted its position in shares of Arotech Corporation by 35.9% in the second quarter. Essex Investment Management Co. LLC now owns 436,266 shares of the aerospace company’s stock worth $1,549,000 after buying an additional 115,254 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Arotech Corporation by 105.1% in the second quarter. GSA Capital Partners LLP now owns 166,100 shares of the aerospace company’s stock worth $590,000 after buying an additional 85,100 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Arotech Corporation by 73.5% in the first quarter. Goldman Sachs Group Inc. now owns 48,311 shares of the aerospace company’s stock worth $143,000 after buying an additional 20,461 shares during the last quarter. 21.57% of the stock is owned by institutional investors.

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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