Arotech Corp. (ARTX) Trading Down 3.3%
Arotech Corp. (NASDAQ:ARTX) shares traded down 3.3% during mid-day trading on Monday . The stock traded as low as $2.64 and last traded at $2.67, with a volume of 123,095 shares changing hands. The stock had previously closed at $2.76.
Several research analysts have recently issued reports on the company. 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 issued a $4.50 price objective on shares of Arotech Corp. in a research note on Monday, May 9th. Finally, Zacks Investment Research raised Arotech Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 12th.
The firm’s 50 day moving average price is $2.82 and its 200-day moving average price is $2.81. The stock’s market capitalization is $65.96 million.
Arotech Corp. (NASDAQ:ARTX) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company earned $21.80 million during the quarter, compared to the consensus estimate of $21.60 million. On average, analysts forecast that Arotech Corp. will post ($0.09) earnings per share for the current fiscal year.
In related news, Director Robert S. Ehrlich sold 10,000 shares of the firm’s 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 completion of the sale, the director now directly owns 1,174,178 shares of the company’s stock, valued at approximately $3,557,759.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Jon B. Kutler purchased 39,179 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were acquired at an average cost of $2.68 per share, with a total value of $104,999.72. Following the completion of the purchase, the chairman now directly owns 24,907 shares in the company, valued at approximately $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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