Arotech Corp. (ARTX) Sees Large Volume Increase
Shares of Arotech Corp. (NASDAQ:ARTX) saw strong trading volume on Wednesday . 111,770 shares traded hands during trading, an increase of 2% from the previous session’s volume of 109,761 shares.The stock last traded at $2.94 and had previously closed at $2.86.
Several equities analysts have recently commented on the stock. TheStreet lowered shares of Arotech Corp. from a “hold” rating to a “sell” rating in a research report on Monday, May 23rd. Zacks Investment Research lowered shares of Arotech Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 16th. Finally, B. Riley restated a “buy” rating and set a $4.50 price target on shares of Arotech Corp. in a research report on Saturday, May 14th.
The stock’s market cap is $73.15 million. The company has a 50-day moving average price of $2.80 and a 200-day moving average price of $2.67.
Arotech Corp. (NASDAQ:ARTX) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.03 EPS for the quarter. During the same period in the previous year, the business posted ($0.02) earnings per share. The business had revenue of $25.40 million for the quarter, compared to analysts’ expectations of $26.73 million. Analysts expect that Arotech Corp. will post ($0.06) EPS for the current fiscal year.
In other Arotech Corp. news, Chairman Jon B. Kutler purchased 39,179 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was bought at an average cost of $2.68 per share, with a total value of $104,999.72. Following the completion of the transaction, the chairman now owns 24,907 shares of the company’s stock, valued at approximately $66,750.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert S. Ehrlich sold 10,000 shares of the stock in a transaction that occurred on 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 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 power systems and batteries for the military, commercial and medical markets. The Company operates in two divisions: Training and Simulation Division, and Power Systems Division.