Arotech Corp. (ARTX) Trading Down 1.7%
Arotech Corp. (NASDAQ:ARTX) shares fell 1.7% on Thursday . The company traded as low as $2.80 and last traded at $2.84, with a volume of 99,350 shares trading hands. The stock had previously closed at $2.89.
A number of research firms have recently weighed in on ARTX. B. Riley reaffirmed a “buy” rating and set a $4.50 price objective on shares of Arotech Corp. in a research report on Thursday. Zacks Investment Research raised Arotech Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, TheStreet raised Arotech Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 7th.
The stock’s market cap is $73.90 million. The stock has a 50 day moving average of $2.84 and a 200 day moving average of $2.77.
Arotech Corp. (NASDAQ:ARTX) last posted its earnings results on Monday, May 9th. The company reported $0.03 EPS for the quarter. The company had revenue of $25.40 million for the quarter, compared to analyst estimates of $26.73 million. During the same period last year, the business earned ($0.02) earnings per share. Equities analysts predict that Arotech Corp. will post ($0.06) earnings per share for the current fiscal year.
In related news, Director Robert S. Ehrlich sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $3.03, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Jon B. Kutler bought 39,179 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The shares were bought at an average cost of $2.68 per share, for a total transaction of $104,999.72. Following the completion of the acquisition, the chairman now 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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