Arotech Corp. (ARTX) Trading Up 2.9%
Shares of Arotech Corp. (NASDAQ:ARTX) were up 2.9% during mid-day trading on Monday . The company traded as high as $2.90 and last traded at $2.86, with a volume of 123,880 shares traded. The stock had previously closed at $2.78.
A number of equities analysts recently weighed in on the stock. B. Riley restated a “buy” rating and set a $4.50 target price on shares of Arotech Corp. in a research report on Monday, May 9th. 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 lowered shares of Arotech Corp. from a “hold” rating to a “sell” rating in a research report on Monday, May 23rd.
The company’s market capitalization is $72.60 million. The firm has a 50-day moving average price of $2.79 and a 200 day moving average price of $2.85.
Arotech Corp. (NASDAQ:ARTX) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $21.80 million for the quarter, compared to analyst estimates of $21.60 million. Equities research analysts expect that Arotech Corp. will post ($0.09) EPS for the current year.
In other Arotech Corp. 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 completion of the sale, the director now directly owns 1,174,178 shares in the company, valued at approximately $3,557,759.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Jon B. Kutler acquired 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, with a total value of $104,999.72. Following the completion of the purchase, the chairman now owns 24,907 shares in the company, valued at approximately $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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