ValuEngine upgraded shares of Arotech (NASDAQ:ARTX) from a sell rating to a hold rating in a research note published on Tuesday, September 18th.

A number of other research firms also recently weighed in on ARTX. Zacks Investment Research raised Arotech from a sell rating to a hold rating in a research report on Thursday, September 6th. TheStreet downgraded Arotech from a b- rating to a c rating in a research report on Tuesday, July 3rd.

Arotech stock traded up $0.04 during mid-day trading on Tuesday, hitting $3.05. 132,667 shares of the company’s stock were exchanged, compared to its average volume of 127,472. The company has a market capitalization of $90.05 million, a price-to-earnings ratio of 19.06 and a beta of 1.72. Arotech has a 1-year low of $2.70 and a 1-year high of $4.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.08 and a quick ratio of 1.67.

Arotech (NASDAQ:ARTX) last issued its quarterly earnings results on Tuesday, August 7th. The aerospace company reported $0.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The company had revenue of $21.88 million for the quarter, compared to the consensus estimate of $23.75 million. Arotech had a return on equity of 7.89% and a net margin of 5.65%. As a group, sell-side analysts anticipate that Arotech will post 0.14 earnings per share for the current year.

In other news, Chairman Jon B. Kutler bought 20,000 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was bought at an average price of $3.20 per share, for a total transaction of $64,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth W. Cappell bought 10,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was purchased at an average price of $3.28 per share, with a total value of $32,800.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 35,289 shares of company stock valued at $113,867. Corporate insiders own 9.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Spark Investment Management LLC raised its position in Arotech by 155.0% in the 1st quarter. Spark Investment Management LLC now owns 38,500 shares of the aerospace company’s stock worth $117,000 after purchasing an additional 23,400 shares during the last quarter. BNP Paribas Arbitrage SA bought a new position in Arotech in the 2nd quarter worth approximately $112,000. Alambic Investment Management L.P. bought a new position in Arotech in the 2nd quarter worth approximately $126,000. Cannell Capital LLC raised its position in Arotech by 2.7% in the 1st quarter. Cannell Capital LLC now owns 1,817,418 shares of the aerospace company’s stock worth $5,543,000 after purchasing an additional 47,256 shares during the last quarter. Finally, Algert Global LLC raised its position in Arotech by 800.9% in the 2nd quarter. Algert Global LLC now owns 99,553 shares of the aerospace company’s stock worth $373,000 after purchasing an additional 88,503 shares during the last quarter. Hedge funds and other institutional investors own 27.44% of the company’s stock.

About Arotech

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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