Arotech (ARTX) Raised to Hold at ValuEngine
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.
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.
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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