Kenneth W. Cappell Acquires 10,000 Shares of Arotech Co. (ARTX) Stock
Arotech Co. (NASDAQ:ARTX) Director Kenneth W. Cappell acquired 10,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were bought at an average cost of $3.28 per share, with a total value of $32,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
NASDAQ:ARTX opened at $3.13 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.08 and a quick ratio of 1.67. The company has a market cap of $90.05 million, a P/E ratio of 19.56 and a beta of 1.72. Arotech Co. has a fifty-two week low of $2.70 and a fifty-two week high of $4.25.
Arotech (NASDAQ:ARTX) last issued its quarterly earnings results on Tuesday, August 7th. The aerospace company reported $0.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. Arotech had a net margin of 5.65% and a return on equity of 7.89%. The company had revenue of $21.88 million during the quarter, compared to analysts’ expectations of $23.75 million. As a group, equities analysts forecast that Arotech Co. will post 0.14 EPS for the current year.
A number of hedge funds have recently modified their holdings of ARTX. BNP Paribas Arbitrage SA purchased a new stake in shares of Arotech during the 2nd quarter worth $112,000. Spark Investment Management LLC increased its stake in Arotech by 155.0% during the 1st quarter. Spark Investment Management LLC now owns 38,500 shares of the aerospace company’s stock valued at $117,000 after buying an additional 23,400 shares during the period. Alambic Investment Management L.P. acquired a new position in Arotech during the 2nd quarter valued at about $126,000. Algert Global LLC increased its stake in Arotech by 800.9% during the 2nd quarter. Algert Global LLC now owns 99,553 shares of the aerospace company’s stock valued at $373,000 after buying an additional 88,503 shares during the period. Finally, B. Riley Financial Inc. acquired a new position in Arotech during the 2nd quarter valued at about $400,000. 27.44% of the stock is owned by institutional investors.
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.
See Also: Do stock splits help investors?
Receive News & Ratings for Arotech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arotech and related companies with MarketBeat.com's FREE daily email newsletter.