Arotech Corp. (ARTX) Stock Price Down 2.8%
Arotech Corp. (NASDAQ:ARTX) shares were down 2.8% during mid-day trading on Monday . The company traded as low as $2.77 and last traded at $2.77, with a volume of 211,773 shares trading hands. The stock had previously closed at $2.85.
A number of research analysts have recently issued reports on ARTX shares. B. Riley reaffirmed a “buy” rating and set a $4.50 price objective on shares of Arotech Corp. in a research note 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 upgraded shares of Arotech Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th.
The firm has a 50 day moving average price of $2.84 and a 200-day moving average price of $2.70. The stock’s market capitalization is $69.43 million.
Arotech Corp. (NASDAQ:ARTX) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.03 EPS for the quarter. The company earned $25.40 million during the quarter, compared to analysts’ expectations of $26.73 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. Equities research analysts predict that Arotech Corp. will post ($0.06) EPS for the current year.
In related news, Chairman Jon B. Kutler purchased 39,179 shares of the firm’s stock in a transaction on 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 purchase, the chairman now directly owns 24,907 shares in the company, valued at $66,750.76. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert S. Ehrlich sold 10,000 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 1,174,178 shares in the company, valued at approximately $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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.