Arotech Co. (NASDAQ:ARTX) – Analysts at B. Riley upped their Q2 2017 earnings per share (EPS) estimates for Arotech in a research report issued on Thursday. B. Riley analyst M. Crawford now anticipates that the firm will post earnings per share of $0.05 for the quarter, up from their prior estimate of $0.02. B. Riley currently has a “Buy” rating and a $4.50 target price on the stock. B. Riley also issued estimates for Arotech’s Q3 2017 earnings at $0.07 EPS and FY2018 earnings at $0.31 EPS.
Arotech (NASDAQ:ARTX) last issued its quarterly earnings results on Wednesday, March 15th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.03. Arotech had a positive return on equity of 3.57% and a negative net margin of 0.41%. During the same quarter last year, the firm posted $0.07 EPS.
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A number of other research analysts have also recently commented on ARTX. Singular Research began coverage on shares of Arotech in a research report on Friday, March 3rd. They set a “buy” rating and a $5.00 target price on the stock. Zacks Investment Research lowered shares of Arotech from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 10th.
Shares of Arotech (NASDAQ:ARTX) opened at 2.95 on Monday. Arotech has a 1-year low of $2.25 and a 1-year high of $5.00. The firm’s market cap is $77.33 million. The stock has a 50 day moving average of $3.86 and a 200 day moving average of $3.53.
Hedge funds have recently modified their holdings of the company. Ancora Advisors LLC raised its stake in shares of Arotech by 10.2% in the fourth quarter. Ancora Advisors LLC now owns 290,500 shares of the company’s stock worth $1,016,000 after buying an additional 27,000 shares during the period. GSA Capital Partners LLP raised its stake in shares of Arotech by 19.4% in the fourth quarter. GSA Capital Partners LLP now owns 43,000 shares of the company’s stock worth $151,000 after buying an additional 7,000 shares during the period. A.R.T. Advisors LLC bought a new stake in shares of Arotech during the fourth quarter worth about $152,000. Renaissance Technologies LLC raised its stake in shares of Arotech by 150.9% in the fourth quarter. Renaissance Technologies LLC now owns 733,900 shares of the company’s stock worth $2,569,000 after buying an additional 441,400 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Arotech by 50.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 818,338 shares of the company’s stock worth $2,864,000 after buying an additional 274,857 shares during the period. Institutional investors and hedge funds own 17.24% of the company’s stock.
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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