B. Riley Reiterates Buy Rating for Arotech Corporation (ARTX)

Arotech Corporation (NASDAQ:ARTX)‘s stock had its “buy” rating reissued by analysts at B. Riley in a note issued to investors on Friday. They presently have a $4.50 price target on the aerospace company’s stock. B. Riley’s target price indicates a potential upside of 12.50% from the stock’s previous close. B. Riley also issued estimates for Arotech Corporation’s Q4 2017 earnings at $0.08 EPS, FY2017 earnings at $0.18 EPS, Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.08 EPS, Q4 2018 earnings at $0.04 EPS, FY2019 earnings at $0.30 EPS and FY2019 earnings at $0.33 EPS.

Separately, Zacks Investment Research upgraded Arotech Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th.

Shares of Arotech Corporation (NASDAQ:ARTX) traded up $0.15 on Friday, hitting $4.00. The stock had a trading volume of 233,500 shares, compared to its average volume of 332,840. Arotech Corporation has a 12-month low of $2.80 and a 12-month high of $5.00. The company has a market capitalization of $105.58, a PE ratio of 44.44 and a beta of 1.33. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.70 and a current ratio of 2.17.

Arotech Corporation (NASDAQ:ARTX) last announced its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). Arotech Corporation had a negative net margin of 2.87% and a positive return on equity of 3.27%. The company had revenue of $25.93 million for the quarter, compared to the consensus estimate of $24.48 million. equities analysts expect that Arotech Corporation will post 0.18 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of ARTX. Dimensional Fund Advisors LP grew its holdings in shares of Arotech Corporation by 32.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,082,745 shares of the aerospace company’s stock worth $3,194,000 after purchasing an additional 264,407 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in Arotech Corporation by 35.9% in the second quarter. Essex Investment Management Co. LLC now owns 436,266 shares of the aerospace company’s stock worth $1,549,000 after buying an additional 115,254 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Arotech Corporation by 105.1% in the second quarter. GSA Capital Partners LLP now owns 166,100 shares of the aerospace company’s stock worth $590,000 after buying an additional 85,100 shares in the last quarter. Zacks Investment Management purchased a new stake in Arotech Corporation in the second quarter worth approximately $149,000. Finally, Goldman Sachs Group Inc. boosted its stake in Arotech Corporation by 73.5% in the first quarter. Goldman Sachs Group Inc. now owns 48,311 shares of the aerospace company’s stock worth $143,000 after buying an additional 20,461 shares in the last quarter. 21.56% of the stock is owned by institutional investors.

Arotech Corporation 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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