Arotech Corp. (ARTX) Trading 3.5% Higher
Shares of Arotech Corp. (NASDAQ:ARTX) traded up 3.5% during trading on Monday . The company traded as high as $2.70 and last traded at $2.68, with a volume of 80,439 shares trading hands. The stock had previously closed at $2.59.
A number of analysts recently commented on the stock. B. Riley restated a “buy” rating and issued a $4.50 price objective on shares of Arotech Corp. in a research report on Sunday, August 14th. Zacks Investment Research cut shares of Arotech Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. Finally, TheStreet upgraded shares of Arotech Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th.
The stock’s market capitalization is $71.91 million. The stock has a 50-day moving average price of $2.80 and a 200-day moving average price of $2.82.
Arotech Corp. (NASDAQ:ARTX) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $21.80 million for the quarter, compared to analyst estimates of $21.60 million. On average, equities analysts forecast that Arotech Corp. will post ($0.09) earnings per share for the current year.
In other news, Director Robert S. Ehrlich sold 10,000 shares of Arotech Corp. stock in a transaction 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 transaction, the director now owns 1,174,178 shares in the company, valued at $3,557,759.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Jon B. Kutler purchased 39,179 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were acquired at an average price of $2.68 per share, for a total transaction of $104,999.72. Following the acquisition, the chairman now owns 24,907 shares of the company’s stock, 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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