Arotech Corp. (ARTX) Sees Large Volume Increase
Arotech Corp. (NASDAQ:ARTX) saw an uptick in trading volume on Tuesday . 156,476 shares traded hands during mid-day 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.
A number of research firms recently weighed in on ARTX. B. Riley reissued a “buy” rating and issued a $4.50 target price on shares of Arotech Corp. in a report on Saturday, May 14th. Zacks Investment Research lowered shares of Arotech Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 16th. Finally, TheStreet raised shares of Arotech Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 7th.
The company’s market capitalization is $65.89 million. The stock has a 50 day moving average price of $2.81 and a 200 day moving average price of $2.81.
Arotech Corp. (NASDAQ:ARTX) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The company earned $21.80 million during the quarter, compared to analyst estimates of $21.60 million. Analysts anticipate that Arotech Corp. will post ($0.09) EPS for the current year.
In other Arotech Corp. news, Chairman Jon B. Kutler bought 39,179 shares of Arotech Corp. stock in a transaction dated Friday, June 3rd. The stock was acquired at an average cost of $2.68 per share, with a total value of $104,999.72. Following the purchase, the chairman now directly owns 24,907 shares in the company, valued at approximately $66,750.76. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert S. Ehrlich sold 10,000 shares of the company’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 value of $30,300.00. Following the transaction, the director now directly owns 1,174,178 shares of the company’s stock, 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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