Shares of Arotech Co. (NASDAQ:ARTX) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price target of $4.50 for the company and are predicting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Arotech an industry rank of 91 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of Arotech from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research report on Friday, January 11th.

In related news, Chairman Jon B. Kutler bought 9,984 shares of the stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $3.01 per share, for a total transaction of $30,051.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired 19,984 shares of company stock worth $59,902 over the last 90 days. 8.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in Arotech by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,952,736 shares of the aerospace company’s stock worth $5,116,000 after buying an additional 86,679 shares during the period. B. Riley Financial Inc. lifted its holdings in shares of Arotech by 44.4% in the third quarter. B. Riley Financial Inc. now owns 154,067 shares of the aerospace company’s stock valued at $524,000 after purchasing an additional 47,350 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Arotech in the fourth quarter valued at about $311,000. ETF Managers Group LLC lifted its holdings in shares of Arotech by 63.7% in the fourth quarter. ETF Managers Group LLC now owns 82,876 shares of the aerospace company’s stock valued at $217,000 after purchasing an additional 32,235 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Arotech by 31.7% in the fourth quarter. Acadian Asset Management LLC now owns 36,228 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 8,729 shares in the last quarter. Institutional investors own 30.99% of the company’s stock.

Shares of ARTX opened at $3.01 on Thursday. The company has a current ratio of 1.97, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Arotech has a twelve month low of $2.37 and a twelve month high of $4.15. The stock has a market cap of $80.08 million, a price-to-earnings ratio of 18.81 and a beta of 1.42.

Arotech (NASDAQ:ARTX) last issued its earnings results on Wednesday, March 6th. The aerospace company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Arotech had a net margin of 1.94% and a return on equity of 5.72%. The company had revenue of $23.63 million for the quarter, compared to analyst estimates of $25.37 million. Equities analysts anticipate that Arotech will post 0.18 EPS for the current year.

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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