The stock of Arotech Corporation (NASDAQ:ARTX) is a huge mover today! The stock increased 6.52% or $0.15 on November 7, hitting $2.45. About 196,598 shares traded hands. Arotech Corporation (NASDAQ:ARTX) has declined 12.21% since April 5, 2016 and is downtrending. It has underperformed by 14.17% the S&P500.
The move comes after 8 months positive chart setup for the $67.31M company. It was reported on Nov, 7 by Barchart.com. We have $5.00 PT which if reached, will make NASDAQ:ARTX worth $70.00 million more.
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 turned negative, 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.
Dimensional Fund Advsr Lp holds 472,215 shares or 0% of its portfolio. Fny Managed Accounts Limited Liability Corporation has invested 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX). Susquehanna Int Grp Limited Liability Partnership holds 23,074 shares or 0% of its portfolio. Ladenburg Thalmann Fincl Svcs accumulated 1,671 shares or 0% of the stock. Federated Investors Incorporated Pa last reported 613 shares in the company. Deutsche Comml Bank Ag has 0% invested in the company for 3 shares. Geode Cap Mgmt Ltd Company owns 152,556 shares or 0% of their US portfolio. Eam Ltd Liability Corporation owns 475,944 shares or 0.2% of their US portfolio. Tower Lc (Trc) holds 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX) for 3,180 shares. Tfs Limited Liability Company, a Pennsylvania-based fund reported 48,959 shares. Ancora Advsr Ltd Company reported 188,500 shares or 0.06% of all its holdings. Vanguard Gp Incorporated holds 942,064 shares or 0% of its portfolio. Cannell Capital Ltd Com holds 0.38% of its portfolio in Arotech Corporation (NASDAQ:ARTX) for 333,735 shares. Spark Inv Mgmt Limited Liability has invested 0.04% of its portfolio in Arotech Corporation (NASDAQ:ARTX). Blackrock Fund Advsrs has 0% invested in the company for 57,831 shares.
Insider Transactions: Since June 1, 2016, the stock had 3 insider purchases, and 1 sale for $109,287 net activity. $30,250 worth of shares were sold by EHRLICH ROBERT S on Tuesday, June 7. Another trade for 3,000 shares valued at $8,490 was made by Cappell Kenneth W on Wednesday, June 15. $105,047 worth of shares were bought by Kutler Jon B on Wednesday, June 1.
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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