Shares of Arotech Co. (NASDAQ:ARTX) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price target of $4.50 for the company and are forecasting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Arotech an industry rank of 95 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Arotech from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a research note on Monday, January 28th.
A number of hedge funds have recently made changes to their positions in ARTX. Van ECK Associates Corp boosted its holdings in Arotech by 49.4% in the fourth quarter. Van ECK Associates Corp now owns 13,153 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 4,352 shares during the last quarter. Shepherd Kaplan Krochuk LLC bought a new stake in Arotech in the fourth quarter valued at approximately $54,000. Marshall Wace LLP bought a new stake in Arotech in the third quarter valued at approximately $55,000. Virtu Financial LLC bought a new stake in Arotech in the first quarter valued at approximately $63,000. Finally, Acadian Asset Management LLC boosted its holdings in Arotech by 31.7% in the fourth quarter. Acadian Asset Management LLC now owns 36,228 shares of the aerospace company’s stock valued at $95,000 after acquiring an additional 8,729 shares during the last quarter. Institutional investors and hedge funds own 30.99% of the company’s stock.
Shares of Arotech stock remained flat at $$3.01 on Thursday. The stock had a trading volume of 57,530 shares, compared to its average volume of 104,803. Arotech has a one year low of $2.37 and a one year high of $4.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.97 and a quick ratio of 1.61. The firm has a market capitalization of $79.99 million, a P/E ratio of 18.81 and a beta of 1.42.
Arotech (NASDAQ:ARTX) last released its quarterly earnings data on Wednesday, March 6th. The aerospace company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Arotech had a return on equity of 5.72% and a net margin of 1.94%. The company had revenue of $23.63 million during the quarter, compared to the consensus estimate of $25.37 million. As a group, equities research analysts predict that Arotech will post 0.18 EPS for the current fiscal year.
Arotech Company Profile
Arotech Corporation provides defense and security products worldwide. The company's Training and Simulation division develops, manufactures, 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.
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