Arotech Corp. (ARTX) Trading 3.5% Higher
Shares of Arotech Corp. (NASDAQ:ARTX) traded up 3.5% on Monday . The company traded as high as $2.70 and last traded at $2.68, with a volume of 80,439 shares trading hands. The stock had previously closed at $2.59.
A number of research firms have commented on ARTX. B. Riley restated a “buy” rating and issued a $4.50 price target on shares of Arotech Corp. in a research report on Saturday, May 14th. 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, TheStreet upgraded shares of Arotech Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th.
The company’s 50-day moving average price is $2.80 and its 200-day moving average price is $2.81. The stock’s market cap is $68.79 million.
Arotech Corp. (NASDAQ:ARTX) last posted its earnings results on Monday, August 8th. The company reported $0.01 earnings per share (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 analyst estimates of $21.60 million. Equities research analysts predict that Arotech Corp. will post ($0.09) EPS for the current year.
In related news, Chairman Jon B. Kutler bought 39,179 shares of the business’s stock in a transaction dated Friday, June 3rd. The stock was bought at an average price of $2.68 per share, for a total transaction of $104,999.72. Following the purchase, the chairman now owns 24,907 shares in the company, valued at approximately $66,750.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 owns 1,174,178 shares of the company’s stock, 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 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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