Arotech Corp. (NASDAQ:ARTX) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $4.50 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Arotech Corp. an industry rank of 104 out of 265 based on the ratings given to its competitors.
A number of equities analysts have weighed in on ARTX shares. TheStreet upgraded shares of Arotech Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Zacks Investment Research lowered shares of Arotech Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. Finally, B. Riley reiterated a “buy” rating and issued a $4.50 price target on shares of Arotech Corp. in a research report on Tuesday, August 9th.
Arotech Corp. (NASDAQ:ARTX) opened at 2.95 on Wednesday. The company’s market cap is $74.88 million. Arotech Corp. has a 12-month low of $1.29 and a 12-month high of $4.13. The company’s 50 day moving average is $2.87 and its 200 day moving average is $2.91.
Arotech Corp. (NASDAQ:ARTX) last announced its earnings results on Monday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company earned $21.80 million during the quarter, compared to analyst estimates of $21.60 million. Arotech Corp. had a negative net margin of 1.70% and a positive return on equity of 2.25%. Analysts forecast that Arotech Corp. will post ($0.09) earnings per share for the current fiscal year.
In other news, Chairman Jon B. Kutler purchased 10,000 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was acquired at an average cost of $2.60 per share, for a total transaction of $26,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 17.30% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. TFS Capital LLC bought a new position in Arotech Corp. during the second quarter valued at approximately $138,000. Spark Investment Management LLC increased its stake in Arotech Corp. by 510.8% in the second quarter. Spark Investment Management LLC now owns 158,800 shares of the company’s stock worth $446,000 after buying an additional 132,800 shares during the last quarter. Cannell Capital LLC acquired a new stake in Arotech Corp. during the second quarter worth about $938,000. Oxford Asset Management acquired a new stake in Arotech Corp. during the second quarter worth about $971,000. Finally, Dimensional Fund Advisors LP increased its stake in Arotech Corp. by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 472,215 shares of the company’s stock worth $1,327,000 after buying an additional 11,609 shares during the last quarter. 16.00% of the stock is currently owned by hedge funds and other institutional investors.
Arotech Corp. 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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