Arotech Co. (NASDAQ:ARTX) Chairman Jon B. Kutler purchased 20,000 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were acquired at an average cost of $3.20 per share, with a total value of $64,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
ARTX stock opened at $3.30 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.97 and a debt-to-equity ratio of 0.12. The stock has a market cap of $85.97, a PE ratio of 20.31 and a beta of 1.33. Arotech Co. has a twelve month low of $2.70 and a twelve month high of $4.35.
Arotech (NASDAQ:ARTX) last issued its earnings results on Wednesday, March 14th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $29.00 million during the quarter, compared to analysts’ expectations of $25.93 million. Arotech had a net margin of 3.88% and a return on equity of 5.98%. During the same period in the previous year, the company earned ($0.02) earnings per share. sell-side analysts predict that Arotech Co. will post 0.13 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC raised its holdings in Arotech by 132.1% in the fourth quarter. Citadel Advisors LLC now owns 50,115 shares of the aerospace company’s stock worth $178,000 after buying an additional 28,526 shares during the last quarter. Calton & Associates Inc. purchased a new position in Arotech in the fourth quarter worth about $181,000. Virtu Financial LLC purchased a new position in Arotech in the fourth quarter worth about $187,000. Finally, Vanguard Group Inc. raised its holdings in Arotech by 1.9% in the second quarter. Vanguard Group Inc. now owns 1,038,240 shares of the aerospace company’s stock worth $3,686,000 after buying an additional 19,082 shares during the last quarter. 22.33% of the stock is owned by institutional investors and hedge funds.
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Arotech Company Profile
Arotech Corporation is a defense and security products and services 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 Company operates through two segments: Training and Simulation Division, and Power Systems Division.
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