Arotech Corp. (ARTX) Sees Strong Trading Volume
Arotech Corp. (NASDAQ:ARTX) saw unusually-high trading volume on Tuesday . Approximately 156,476 shares were traded during trading, an increase of 31% from the previous session’s volume of 119,129 shares.The stock last traded at $2.60 and had previously closed at $2.66.
ARTX has been the subject of a number of analyst reports. B. Riley reissued a “buy” rating and set a $4.50 price objective on shares of Arotech Corp. in a research note on Sunday. Zacks Investment Research lowered Arotech Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 16th. Finally, TheStreet raised Arotech Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th.
The firm’s market capitalization is $64.22 million. The company has a 50 day moving average price of $2.82 and a 200 day moving average price of $2.81.
Arotech Corp. (NASDAQ:ARTX) last issued its earnings results 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 business had revenue of $21.80 million for the quarter, compared to the consensus estimate of $21.60 million. On average, equities research analysts expect that Arotech Corp. will post ($0.09) EPS for the current fiscal year.
In related news, Director Robert S. Ehrlich sold 10,000 shares of Arotech Corp. 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 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 can be accessed through the SEC website. Also, Chairman Jon B. Kutler acquired 39,179 shares of Arotech Corp. stock in a transaction on Friday, June 3rd. The stock was purchased at an average cost of $2.68 per share, for a total transaction of $104,999.72. Following the purchase, the chairman now owns 24,907 shares in the company, 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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