RADA Electronic Ind. Ltd. (NASDAQ:RADA) shares saw an uptick in trading volume on Thursday . 662,156 shares were traded during trading, an increase of 84% from the previous session’s volume of 359,460 shares.The stock last traded at $2.42 and had previously closed at $2.49.
Separately, TheStreet raised RADA Electronic Ind. from a “d+” rating to a “c” rating in a research note on Wednesday, November 29th.
The company has a market cap of $70.46, a PE ratio of 47.00 and a beta of 0.24.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ARK Investment Management LLC purchased a new position in RADA Electronic Ind. during the fourth quarter worth about $225,000. Essex Investment Management Co. LLC lifted its position in RADA Electronic Ind. by 141.0% during the fourth quarter. Essex Investment Management Co. LLC now owns 348,403 shares of the aerospace company’s stock worth $1,073,000 after buying an additional 203,851 shares during the period. Commonwealth Equity Services Inc purchased a new position in RADA Electronic Ind. during the third quarter worth about $149,000. Finally, Virtu Financial LLC lifted its position in RADA Electronic Ind. by 97.6% during the fourth quarter. Virtu Financial LLC now owns 95,584 shares of the aerospace company’s stock worth $294,000 after buying an additional 47,207 shares during the period. Hedge funds and other institutional investors own 10.66% of the company’s stock.
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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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