Arotech Corp. (ARTX) Stock Price Down 2.8%
Arotech Corp. (NASDAQ:ARTX)’s share price traded down 2.8% during mid-day trading on Monday . The stock traded as low as $2.77 and last traded at $2.77, with a volume of 211,773 shares trading hands. The stock had previously closed at $2.85.
Several equities analysts recently issued reports on the stock. TheStreet lowered shares of Arotech Corp. from a “hold” rating to a “sell” rating in a report on Monday, May 23rd. Zacks Investment Research lowered shares of Arotech Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 16th. Finally, B. Riley reissued a “buy” rating and set a $4.50 price objective on shares of Arotech Corp. in a report on Monday, May 9th.
The stock’s 50-day moving average is $2.84 and its 200 day moving average is $2.72. The firm’s market cap is $68.69 million.
Arotech Corp. (NASDAQ:ARTX) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.03 earnings per share for the quarter. The firm earned $25.40 million during the quarter, compared to analysts’ expectations of $26.73 million. During the same period last year, the company earned ($0.02) EPS. On average, equities research analysts predict that Arotech Corp. will post ($0.06) EPS for the current year.
In other news, Director Robert S. Ehrlich sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $3.03, for a total value of $30,300.00. Following the completion of the sale, the director now owns 1,174,178 shares of the company’s stock, valued at approximately $3,557,759.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Jon B. Kutler purchased 39,179 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was purchased at an average cost of $2.68 per share, with a total value of $104,999.72. Following the purchase, the chairman now owns 24,907 shares in the company, valued at $66,750.76. The disclosure for this purchase 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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