Arotech Co. (NASDAQ:ARTX) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price target of $4.50 for the company and are expecting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also assigned Arotech an industry rank of 101 out of 255 based on the ratings given to related companies.
Get Arotech alerts:Separately, Zacks Investment Research upgraded shares of Arotech from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research note on Monday, January 28th.
Shares of ARTX traded up $0.02 during mid-day trading on Monday, reaching $3.04. The company had a trading volume of 141,564 shares, compared to its average volume of 118,789. Arotech has a 1-year low of $2.37 and a 1-year high of $4.15. The company has a current ratio of 2.07, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. The company has a market cap of $79.99 million, a P/E ratio of 16.67 and a beta of 1.59.
Arotech (NASDAQ:ARTX) last posted its quarterly earnings results on Wednesday, March 6th. The aerospace company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Arotech had a net margin of 5.72% and a return on equity of 7.38%. The company had revenue of $23.63 million for the quarter, compared to the consensus estimate of $25.37 million. On average, equities analysts forecast that Arotech will post 0.2 EPS for the current year.
In other Arotech news, Chairman Jon B. Kutler acquired 9,984 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average price of $3.01 per share, for a total transaction of $30,051.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders purchased 37,984 shares of company stock valued at $105,192. 9.40% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Arotech by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,952,736 shares of the aerospace company’s stock worth $5,116,000 after purchasing an additional 86,679 shares during the last quarter. Shepherd Kaplan Krochuk LLC acquired a new stake in shares of Arotech during the 4th quarter worth approximately $54,000. Van ECK Associates Corp grew its position in shares of Arotech by 49.4% during the 4th quarter. Van ECK Associates Corp now owns 13,153 shares of the aerospace company’s stock worth $34,000 after buying an additional 4,352 shares during the period. Acadian Asset Management LLC grew its position in shares of Arotech by 31.7% during the 4th quarter. Acadian Asset Management LLC now owns 36,228 shares of the aerospace company’s stock worth $95,000 after buying an additional 8,729 shares during the period. Finally, LSV Asset Management acquired a new stake in shares of Arotech during the 4th quarter worth approximately $311,000. Hedge funds and other institutional investors own 28.12% 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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