Arotech (NASDAQ:ARTX) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Arotech Corporation operates two business divisions: Electric Fuel Batteries — developing and manufacturing zinc-air batteries for military and homeland security applications and developing electric vehicle batteries for zero emission public transportation; and Arotech Defense — consisting of IES Interactive, which provides advanced high-tech multimedia training systems for law enforcement and paramilitary organizations, MDT Armor, which provides vehicle armoring for the military, industrial and private sectors, and Arcon Security. “
Separately, B. Riley reaffirmed a “buy” rating and issued a $4.50 target price on shares of Arotech in a research report on Friday, November 10th.
Arotech (ARTX) remained flat at $$3.55 during trading on Tuesday. 122,448 shares of the company’s stock were exchanged, compared to its average volume of 133,800. The firm has a market cap of $93.70, a P/E ratio of -32.27 and a beta of 1.30. Arotech has a twelve month low of $2.80 and a twelve month high of $5.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.17 and a quick ratio of 1.70.
Arotech (NASDAQ:ARTX) last released its earnings results on Wednesday, November 8th. The aerospace company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The business had revenue of $25.93 million during the quarter, compared to the consensus estimate of $24.48 million. Arotech had a negative net margin of 2.87% and a positive return on equity of 3.27%. equities research analysts predict that Arotech will post 0.14 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Zacks Investment Management bought a new position in Arotech in the second quarter valued at $149,000. GSA Capital Partners LLP grew its position in Arotech by 105.1% in the second quarter. GSA Capital Partners LLP now owns 166,100 shares of the aerospace company’s stock valued at $590,000 after purchasing an additional 85,100 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Arotech by 1.9% in the second quarter. Vanguard Group Inc. now owns 1,038,240 shares of the aerospace company’s stock valued at $3,686,000 after acquiring an additional 19,082 shares during the last quarter. 20.89% of the stock is owned by institutional investors and hedge funds.
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Arotech Company Profile
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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