Arotech Corp. (ARTX) Shares Down 1.7%
Arotech Corp. (NASDAQ:ARTX) was down 1.7% on Thursday . The stock traded as low as $2.80 and last traded at $2.84, with a volume of 99,350 shares trading hands. The stock had previously closed at $2.89.
ARTX has been the subject of several recent analyst reports. TheStreet raised Arotech Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. B. Riley reaffirmed a “buy” rating and set a $4.50 target price on shares of Arotech Corp. in a research note on Monday, May 9th. Finally, Zacks Investment Research cut Arotech Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 16th.
The firm’s market capitalization is $71.42 million. The company has a 50 day moving average of $2.83 and a 200-day moving average of $2.76.
Arotech Corp. (NASDAQ:ARTX) last posted its earnings results on Monday, May 9th. The company reported $0.03 EPS for the quarter. The business had revenue of $25.40 million for the quarter, compared to analysts’ expectations of $26.73 million. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. Equities analysts forecast that Arotech Corp. will post ($0.06) EPS for the current fiscal year.
In other Arotech Corp. news, Director Robert S. Ehrlich sold 10,000 shares of Arotech Corp. stock in a transaction dated Tuesday, June 7th. The stock was 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 owns 1,174,178 shares of the company’s stock, valued at $3,557,759.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Jon B. Kutler purchased 39,179 shares of the company’s stock in a transaction on Friday, June 3rd. The shares were 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 of the company’s stock, 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 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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