Arotech Corp. (ARTX) Shares Down 3.3%
Arotech Corp. (NASDAQ:ARTX) traded down 3.3% on Monday . The company traded as low as $2.64 and last traded at $2.67, with a volume of 123,095 shares trading hands. The stock had previously closed at $2.76.
A number of equities research analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and set a $4.50 target price on shares of Arotech Corp. in a research note on Saturday, May 14th. Zacks Investment Research lowered Arotech Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 16th. Finally, TheStreet upgraded Arotech Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th.
The company has a 50 day moving average of $2.82 and a 200-day moving average of $2.81. The company’s market capitalization is $65.74 million.
Arotech Corp. (NASDAQ:ARTX) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $21.80 million for the quarter, compared to analysts’ expectations of $21.60 million. Equities research analysts anticipate that Arotech Corp. will post ($0.09) earnings per share for the current fiscal year.
In related news, Director Robert S. Ehrlich sold 10,000 shares of Arotech Corp. stock in a transaction that occurred 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 directly owns 1,174,178 shares of the company’s stock, valued at $3,557,759.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Jon B. Kutler acquired 39,179 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were acquired 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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