RADA Electronic Ind. (RADA) Trading Down 16.4%
RADA Electronic Ind. Ltd. (NASDAQ:RADA) shares traded down 16.4% on Thursday . The stock traded as low as $1.77 and last traded at $1.94. 1,174,076 shares were traded during mid-day trading, an increase of 157% from the average session volume of 456,535 shares. The stock had previously closed at $2.32.
Separately, TheStreet upgraded shares of RADA Electronic Ind. from a “d+” rating to a “c” rating in a research report on Wednesday, November 29th.
The firm has a market cap of $58.17, a PE ratio of 52.51 and a beta of -0.03.
An institutional investor recently bought a new position in RADA Electronic Ind. stock. Essex Investment Management Co. LLC acquired a new position in RADA Electronic Ind. Ltd. (NASDAQ:RADA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 144,552 shares of the aerospace company’s stock, valued at approximately $493,000. Essex Investment Management Co. LLC owned about 0.48% of RADA Electronic Ind. at the end of the most recent reporting period. 4.55% of the stock is owned by institutional investors and hedge funds.
RADA Electronic Ind. Company Profile
RADA Electronic Industries Ltd. is an aviation and defense company. The Company develops, manufactures and sells defense electronics, including, avionics solutions (including avionics for unmanned aerial vehicles (UAVs)), airborne data/video recording and management systems, inertial navigation systems and tactical land radars for defense forces and border protection systems.
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