Worth Watching: Arotech Corporation Declines Again; Strong Momentum for Sellers

Worth Watching: Arotech Corporation Declines Again; Strong Momentum for Sellers

The stock of Arotech Corporation (NASDAQ:ARTX) is a huge mover today! The stock decreased 6.12% or $0.15 on November 4, hitting $2.3. About 362,157 shares traded hands. Arotech Corporation (NASDAQ:ARTX) has risen 1.24% since April 4, 2016 and is uptrending. It has outperformed by 0.15% the S&P500.
The move comes after 9 months negative chart setup for the $63.19M company. It was reported on Nov, 4 by Barchart.com. We have $2.00 PT which if reached, will make NASDAQ:ARTX worth $8.21M less.

Analysts await Arotech Corporation (NASDAQ:ARTX) to report earnings on November, 14. They expect $-0.01 EPS, down 150.00% or $0.03 from last year’s $0.02 per share. After $-0.03 actual EPS reported by Arotech Corporation for the previous quarter, Wall Street now forecasts -66.67% EPS growth.

According to Zacks Investment Research, “Arotech Corporation operates two business divisions: Electric Fuel Batteries — developing and manufacturing zinc-air batteries for military and homeland security applications and developing electric vehicle batteries for zero emission public transportation; and Arotech Defense — consisting of IES Interactive, which provides advanced high-tech multimedia training systems for law enforcement and paramilitary organizations, MDT Armor, which provides vehicle armoring for the military, industrial and private sectors, and Arcon Security.”

Insitutional Activity: The institutional sentiment decreased to 1.15 in 2016 Q2. Its down 0.07, from 1.22 in 2016Q1. The ratio dropped, as 5 funds sold all Arotech Corporation shares owned while 8 reduced positions. 9 funds bought stakes while 6 increased positions. They now own 4.06 million shares or 61.11% more from 2.52 million shares in 2016Q1.
Eam Investors Limited Liability Co holds 475,944 shares or 0.2% of its portfolio. The New York-based Jpmorgan Chase And Com has invested 0% in Arotech Corporation (NASDAQ:ARTX). The New York-based National Bank & Trust Of New York Mellon Corporation has invested 0% in Arotech Corporation (NASDAQ:ARTX). Northern Trust holds 41,728 shares or 0% of its portfolio. Citadel Advsr Limited Liability Company has 21,914 shares for 0% of their US portfolio. Oxford Asset Management has 0.04% invested in the company for 345,482 shares. Bridgeway Capital Mgmt last reported 416,063 shares in the company. Ancora Advsr Limited Liability Co, a Us-based fund reported 188,500 shares. Gsa Prtn Llp last reported 0.01% of its portfolio in the stock. First Manhattan Communication holds 0% or 4 shares in its portfolio. Millennium Management Ltd Company owns 38,241 shares or 0% of their US portfolio. Tfs Cap Lc last reported 0.03% of its portfolio in the stock. Deutsche National Bank Ag reported 3 shares or 0% of all its holdings. Geode Cap Mgmt Lc has invested 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX). The Texas-based Dimensional Fund L P has invested 0% in Arotech Corporation (NASDAQ:ARTX).

Insider Transactions: Since June 1, 2016, the stock had 3 buys, and 1 insider sale for $109,287 net activity. Kutler Jon B bought $26,000 worth of stock. $8,490 worth of Arotech Corporation (NASDAQ:ARTX) was bought by Cappell Kenneth W. EHRLICH ROBERT S had sold 10,000 shares worth $30,250 on Tuesday, June 7.

More recent Arotech Corporation (NASDAQ:ARTX) news were published by: Zacks.com which released: “3 Reasons Value Stock Investors Will Love Arotech Corporation (ARTX)” on March 31, 2016. Also Prnewswire.com published the news titled: “Arotech Announces $3 Million Stock Investment by Admiralty Partners, Inc.” on February 03, 2016. Zacks.com‘s news article titled: “Arotech Corp. (ARTX): The Best Growth Stock Under $10?” with publication date: April 19, 2016 was also an interesting one.

ARTX Company Profile

Arotech Corporation, incorporated on December 20, 1990, is a defense and security services and products company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military, commercial and medical markets. The Firm operates through two divisions: Training and Simulation Division, and Power Systems Division. The Company’s Training and Simulation Division develops, makes 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. The Company’s Power Systems Division provides battery solutions, energy management and power distribution technologies and product design and manufacturing services for the aerospace, defense, law enforcement, homeland security markets, and it makes and sells rechargeable batteries for defense and security products and medical and industrial applications.

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