Shares of Arotech Co. (NASDAQ:ARTX) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus price target of $4.50 for the company and are predicting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given Arotech an industry rank of 103 out of 256 based on the ratings given to its competitors.
ARTX has been the subject of several recent research reports. Zacks Investment Research raised shares of Arotech from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 9th. ValuEngine raised shares of Arotech from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, TheStreet downgraded shares of Arotech from a “c” rating to a “d+” rating in a research report on Wednesday, May 22nd.
A number of hedge funds have recently modified their holdings of ARTX. Delek Group Ltd. acquired a new stake in Arotech during the first quarter worth approximately $153,000. O Shaughnessy Asset Management LLC acquired a new stake in Arotech during the first quarter worth approximately $78,000. Acadian Asset Management LLC raised its position in shares of Arotech by 141.0% in the first quarter. Acadian Asset Management LLC now owns 87,295 shares of the aerospace company’s stock valued at $256,000 after buying an additional 51,067 shares in the last quarter. Buckingham Asset Management LLC acquired a new stake in shares of Arotech in the first quarter valued at approximately $102,000. Finally, Virtu Financial LLC acquired a new stake in shares of Arotech in the first quarter valued at approximately $63,000. 32.69% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ ARTX traded up $0.01 during midday trading on Thursday, reaching $2.12. 2,700 shares of the company were exchanged, compared to its average volume of 120,337. The stock has a market capitalization of $57.33 million, a PE ratio of 13.19 and a beta of 1.32. The company’s 50-day moving average price is $1.93. The company has a current ratio of 1.81, a quick ratio of 1.50 and a debt-to-equity ratio of 0.16. Arotech has a one year low of $1.61 and a one year high of $4.00.
Arotech (NASDAQ:ARTX) last announced its quarterly earnings data on Wednesday, May 8th. The aerospace company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). Arotech had a negative net margin of 0.15% and a positive return on equity of 2.60%. The company had revenue of $20.78 million for the quarter, compared to analyst estimates of $24.10 million. Analysts forecast that Arotech will post 0.12 EPS for the current fiscal year.
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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