Arotech Co. (ARTX) Given Average Recommendation of “Strong Buy” by Brokerages

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

Brokers have set a one year consensus target price of $4.50 for the company and are forecasting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Arotech an industry rank of 52 out of 265 based on the ratings given to its competitors.

Several brokerages have recently weighed in on ARTX. Zacks Investment Research cut shares of Arotech from a “buy” rating to a “sell” rating in a research report on Tuesday, November 14th. B. Riley reaffirmed a “buy” rating and issued a $4.50 price target on shares of Arotech in a research report on Friday, November 10th.

Several institutional investors and hedge funds have recently made changes to their positions in ARTX. GSA Capital Partners LLP lifted its position in shares of Arotech by 105.1% in the 2nd quarter. GSA Capital Partners LLP now owns 166,100 shares of the aerospace company’s stock worth $590,000 after purchasing an additional 85,100 shares during the period. Vanguard Group Inc. lifted its position in shares of Arotech by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,038,240 shares of the aerospace company’s stock worth $3,686,000 after purchasing an additional 19,082 shares during the period. Finally, Zacks Investment Management purchased a new stake in Arotech during the second quarter valued at approximately $149,000. 20.89% of the stock is owned by hedge funds and other institutional investors.

Shares of Arotech (NASDAQ ARTX) traded up $0.05 during mid-day trading on Thursday, reaching $3.65. 112,159 shares of the company’s stock were exchanged, compared to its average volume of 132,352. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.17 and a quick ratio of 1.70. The company has a market cap of $96.34, a P/E ratio of -36.50 and a beta of 1.30. Arotech has a twelve month low of $2.80 and a twelve month high of $5.00.

Arotech (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 consensus estimate of $0.10 by ($0.04). Arotech had a positive return on equity of 3.27% and a negative net margin of 2.87%. The business had revenue of $25.93 million during the quarter, compared to analysts’ expectations of $24.48 million. analysts expect that Arotech will post 0.14 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://ledgergazette.com/2018/01/14/arotech-co-artx-given-average-recommendation-of-strong-buy-by-brokerages.html.

About Arotech

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.

Get a free copy of the Zacks research report on Arotech (ARTX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Arotech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arotech and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply