Arotech Corp. (ARTX) Stock Price Up 3.7%
Arotech Corp. (NASDAQ:ARTX)’s share price rose 3.7% during mid-day trading on Friday . The stock traded as high as $2.82 and last traded at $2.81, with a volume of 77,484 shares. The stock had previously closed at $2.71.
ARTX has been the topic of several analyst reports. Zacks Investment Research raised shares of Arotech Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 12th. TheStreet raised shares of Arotech Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Finally, B. Riley reaffirmed a “buy” rating and issued a $4.50 price target on shares of Arotech Corp. in a report on Saturday, May 14th.
The company’s market cap is $69.18 million. The firm’s 50 day moving average price is $2.84 and its 200 day moving average price is $2.72.
Arotech Corp. (NASDAQ:ARTX) last posted its quarterly earnings data on Monday, May 9th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $25.40 million for the quarter, compared to analysts’ expectations of $26.73 million. During the same period in the previous year, the business posted ($0.02) EPS. On average, equities research analysts predict that Arotech Corp. will post ($0.06) EPS for the current fiscal year.
In other Arotech Corp. news, Chairman Jon B. Kutler bought 39,179 shares of Arotech Corp. stock in a transaction on Friday, June 3rd. The shares were bought at an average cost of $2.68 per share, for a total transaction of $104,999.72. Following the acquisition, the chairman now directly owns 24,907 shares in the company, valued at $66,750.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert S. Ehrlich sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $3.03, for a total transaction of $30,300.00. Following the sale, the director now owns 1,174,178 shares in the company, valued at $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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.