Arotech Corp. (ARTX) Sees Strong Trading Volume
Arotech Corp. (NASDAQ:ARTX) saw strong trading volume on Monday . 136,660 shares were traded during mid-day trading, an increase of 14% from the previous session’s volume of 120,119 shares.The stock last traded at $2.98 and had previously closed at $2.98.
A number of analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating and issued 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 Thursday, July 7th.
The company’s market capitalization is $73.52 million. The firm’s 50-day moving average is $2.84 and its 200-day moving average is $2.78.
Arotech Corp. (NASDAQ:ARTX) last issued its earnings results on Monday, August 8th. The company reported $0.01 earnings per share for the quarter. The firm earned $21.80 million during the quarter, compared to analyst estimates of $21.60 million. Equities analysts predict that Arotech Corp. will post ($0.06) EPS for the current fiscal year.
In related news, Chairman Jon B. Kutler purchased 39,179 shares of the company’s 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 completion of the purchase, the chairman now directly owns 24,907 shares of the company’s stock, valued at approximately $66,750.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $30,300.00. Following the completion of the transaction, 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 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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