Arotech Corp. (ARTX) Stock Price Up 2.9%
Arotech Corp. (NASDAQ:ARTX) rose 2.9% during mid-day trading on Monday . The stock traded as high as $2.90 and last traded at $2.86, with a volume of 123,880 shares traded. The stock had previously closed at $2.78.
ARTX has been the topic of several recent analyst reports. B. Riley reissued a “buy” rating and set a $4.50 target price on shares of Arotech Corp. in a research note on Tuesday, August 9th. Zacks Investment Research raised shares of Arotech Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 12th. 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 cap is $73.61 million. The firm’s 50-day moving average price is $2.79 and its 200 day moving average price is $2.83.
Arotech Corp. (NASDAQ:ARTX) last released its quarterly earnings data on Monday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $21.80 million for the quarter, compared to analysts’ expectations of $21.60 million. On average, equities research analysts anticipate that Arotech Corp. will post ($0.09) earnings per share for the current fiscal year.
In other Arotech Corp. news, Director Robert S. Ehrlich sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $3.03, for a total value of $30,300.00. Following the sale, the director now owns 1,174,178 shares of the company’s stock, valued at $3,557,759.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Jon B. Kutler purchased 39,179 shares of Arotech Corp. stock in a transaction on Friday, June 3rd. The stock was acquired at an average cost of $2.68 per share, for a total transaction of $104,999.72. Following the acquisition, the chairman now directly owns 24,907 shares of the company’s stock, 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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