Shares of Arotech Co. (NASDAQ:ARTX) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price target of $4.50 for the company and are anticipating that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Arotech an industry rank of 99 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of Arotech from a “buy” rating to a “hold” rating in a research note on Monday, February 4th.
Shares of ARTX traded up $0.01 during midday trading on Wednesday, reaching $3.10. The stock had a trading volume of 55,707 shares, compared to its average volume of 108,986. Arotech has a 1-year low of $2.37 and a 1-year high of $4.15. The firm has a market capitalization of $81.81 million, a price-to-earnings ratio of 19.34 and a beta of 1.43. The company has a current ratio of 1.97, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.
Arotech (NASDAQ:ARTX) last announced its quarterly earnings data on Wednesday, March 6th. The aerospace company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. Arotech had a net margin of 1.94% and a return on equity of 5.72%. The business had revenue of $23.63 million for the quarter, compared to analyst estimates of $25.37 million. On average, analysts predict that Arotech will post 0.18 earnings per share for the current fiscal year.
In related news, Chairman Jon B. Kutler purchased 9,984 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average cost of $3.01 per share, for a total transaction of $30,051.84. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased a total of 19,984 shares of company stock worth $59,902 over the last quarter. 8.50% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in ARTX. Van ECK Associates Corp increased its stake in Arotech by 49.4% in the fourth quarter. Van ECK Associates Corp now owns 13,153 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 4,352 shares during the period. Marshall Wace LLP acquired a new position in Arotech in the third quarter valued at $55,000. Shepherd Kaplan Krochuk LLC acquired a new position in Arotech in the fourth quarter valued at $54,000. Acadian Asset Management LLC increased its stake in Arotech by 31.7% in the fourth quarter. Acadian Asset Management LLC now owns 36,228 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 8,729 shares during the period. Finally, First Wilshire Securities Management Inc. acquired a new position in Arotech in the third quarter valued at $279,000. Hedge funds and other institutional investors own 30.99% of the company’s stock.
Arotech Company Profile
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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