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. “
Several other brokerages also recently issued reports on ARTX. TheStreet upgraded Arotech Corp. from a sell rating to a hold rating in a report on Thursday, July 7th. B. Riley reissued a buy rating and issued a $4.50 price objective on shares of Arotech Corp. in a research report on Tuesday, August 9th.
Arotech Corp. (NASDAQ:ARTX) opened at 3.12 on Tuesday. The company has a 50 day moving average price of $3.02 and a 200-day moving average price of $2.95. The company’s market cap is $79.19 million. Arotech Corp. has a 12 month low of $1.35 and a 12 month high of $4.13.
Arotech Corp. (NASDAQ:ARTX) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Arotech Corp. had a positive return on equity of 2.25% and a negative net margin of 1.70%. The business earned $21.80 million during the quarter, compared to the consensus estimate of $21.60 million. Equities analysts predict that Arotech Corp. will post ($0.09) earnings per share for the current fiscal year.
In other Arotech Corp. news, Chairman Jon B. Kutler acquired 10,000 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were acquired at an average price of $2.60 per share, with a total value of $26,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.30% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. EAM Investors LLC acquired a new position in Arotech Corp. during the second quarter valued at $1,337,000. Oxford Asset Management purchased a new position in shares of Arotech Corp. during the second quarter worth approximately $971,000. Dimensional Fund Advisors LP boosted its position in shares of 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of Arotech Corp. by 24.0% in the second quarter. Vanguard Group Inc. now owns 942,064 shares of the company’s stock worth $2,647,000 after buying an additional 182,544 shares in the last quarter. Finally, TFS Capital LLC purchased a new position in shares of Arotech Corp. during the second quarter worth approximately $138,000. 16.00% of the stock is currently owned by institutional investors and hedge funds.
About Arotech Corp.
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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