Arotech Corp. (ARTX) Stock Price Up 3.7%
Arotech Corp. (NASDAQ:ARTX)’s share price rose 3.7% during trading on Friday . The stock traded as high as $2.82 and last traded at $2.81, with a volume of 77,484 shares trading hands. The stock had previously closed at $2.71.
ARTX has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $4.50 price objective on shares of Arotech Corp. in a research note on Saturday, May 14th. Zacks Investment Research cut shares of Arotech Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 16th. Finally, TheStreet raised shares of Arotech Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th.
The company’s market capitalization is $69.18 million. The stock’s 50 day moving average is $2.84 and its 200 day moving average is $2.72.
Arotech Corp. (NASDAQ:ARTX) last posted its earnings results on Monday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $25.40 million for the quarter, compared to the consensus estimate of $26.73 million. During the same quarter in the prior year, the company posted ($0.02) EPS. Equities research analysts anticipate that Arotech Corp. will post ($0.06) EPS for the current year.
In related news, Chairman Jon B. Kutler bought 39,179 shares of the stock in a transaction on Friday, June 3rd. The shares were acquired at an average price of $2.68 per share, for a total transaction of $104,999.72. Following the purchase, the chairman now owns 24,907 shares of the company’s stock, valued at $66,750.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert S. Ehrlich sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $3.03, for a total transaction of $30,300.00. Following the transaction, the director now owns 1,174,178 shares in the company, 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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