Arotech Corp. (ARTX) Sees Unusually-High Trading Volume
Shares of Arotech Corp. (NASDAQ:ARTX) saw unusually-high trading volume on Tuesday . Approximately 173,753 shares traded hands during mid-day trading, an increase of 61% from the previous session’s volume of 107,767 shares.The stock last traded at $2.98 and had previously closed at $2.99.
ARTX has been the subject of several research analyst reports. B. Riley reissued a “buy” rating and issued a $4.50 price objective on shares of Arotech Corp. in a report on Saturday, May 14th. Zacks Investment Research lowered Arotech Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 16th. Finally, TheStreet raised Arotech Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th.
The stock’s market capitalization is $73.65 million. The firm’s 50 day moving average is $2.83 and its 200 day moving average is $2.70.
Arotech Corp. (NASDAQ:ARTX) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.03 earnings per share for the quarter. The company earned $25.40 million during the quarter, compared to analyst estimates of $26.73 million. During the same period in the prior year, the business earned ($0.02) EPS. On average, equities research analysts anticipate that Arotech Corp. will post ($0.06) EPS for the current year.
In related news, Chairman Jon B. Kutler purchased 39,179 shares of the stock in a transaction that occurred on Friday, June 3rd. The stock was acquired at an average price of $2.68 per share, with a total value of $104,999.72. Following the completion of the acquisition, the chairman now directly owns 24,907 shares in the company, valued at approximately $66,750.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert S. Ehrlich sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $3.03, for a total transaction of $30,300.00. Following the completion of the sale, the director now directly owns 1,174,178 shares of the company’s stock, valued at approximately $3,557,759.34. The disclosure for this sale can be found here.
Arotech Corporation is a defense and security products and services company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and power systems and batteries for the military, commercial and medical markets. The Company operates in two divisions: Training and Simulation Division, and Power Systems Division.
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