Arotech (ARTX) Sets New 1-Year Low at $2.47
Arotech Co. (NASDAQ:ARTX)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $2.47 and last traded at $2.62, with a volume of 9987 shares. The stock had previously closed at $2.75.
ARTX has been the subject of a number of research reports. ValuEngine downgraded Arotech from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Arotech from a “sell” rating to a “hold” rating in a report on Thursday, September 6th.
The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.68. The firm has a market cap of $72.84 million, a price-to-earnings ratio of 16.31 and a beta of 1.96.
In related news, Director Kenneth W. Cappell purchased 10,000 shares of Arotech stock in a transaction dated Monday, November 12th. The stock was purchased at an average cost of $2.80 per share, for a total transaction of $28,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Jon B. Kutler purchased 20,000 shares of Arotech stock in a transaction dated Monday, September 10th. The shares were bought at an average price of $3.20 per share, with a total value of $64,000.00. The disclosure for this purchase can be found here. Insiders have bought 57,446 shares of company stock valued at $175,527 over the last 90 days. Corporate insiders own 9.40% of the company’s stock.
Large investors have recently modified their holdings of the company. Millennium Management LLC boosted its position in shares of Arotech by 1,124.3% during the second quarter. Millennium Management LLC now owns 469,163 shares of the aerospace company’s stock valued at $1,759,000 after buying an additional 430,842 shares during the last quarter. Algert Global LLC boosted its position in shares of Arotech by 800.9% during the second quarter. Algert Global LLC now owns 99,553 shares of the aerospace company’s stock valued at $373,000 after buying an additional 88,503 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Arotech during the second quarter valued at $126,000. Dimensional Fund Advisors LP boosted its position in shares of Arotech by 12.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,727,014 shares of the aerospace company’s stock valued at $6,476,000 after buying an additional 188,019 shares during the last quarter. Finally, B. Riley Financial Inc. purchased a new stake in shares of Arotech during the second quarter valued at $400,000. Hedge funds and other institutional investors own 28.28% of the company’s stock.
About Arotech (NASDAQ:ARTX)
Arotech Corporation provides defense and security products worldwide. The company's Training and Simulation division develops, manufactures, and markets multimedia and interactive digital solutions for engineering, use-of-force training, and operator training of military, law enforcement, security, emergency services, and other personnel.
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