According to Zacks, “Arotech Corporation operates two business divisions: Electric Fuel Batteries — developing and manufacturing zinc-air batteries for military and homeland security applications and developing electric vehicle batteries for zero emission public transportation; and Arotech Defense — consisting of IES Interactive, which provides advanced high-tech multimedia training systems for law enforcement and paramilitary organizations, MDT Armor, which provides vehicle armoring for the military, industrial and private sectors, and Arcon Security. “
Shares of NASDAQ:ARTX opened at $2.32 on Friday. The firm has a market capitalization of $61.33 million, a P/E ratio of 14.50 and a beta of 1.38. Arotech has a 1 year low of $1.90 and a 1 year high of $4.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.81 and a quick ratio of 1.50.
In other Arotech news, Chairman Jon B. Kutler acquired 9,984 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost of $3.01 per share, for a total transaction of $30,051.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased 19,984 shares of company stock valued at $59,902 over the last quarter. 8.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in Arotech by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,037,831 shares of the aerospace company’s stock worth $5,971,000 after acquiring an additional 85,095 shares during the last quarter. Oxford Asset Management LLP lifted its position in Arotech by 104.1% during the 1st quarter. Oxford Asset Management LLP now owns 130,534 shares of the aerospace company’s stock worth $382,000 after acquiring an additional 66,575 shares during the last quarter. LSV Asset Management acquired a new position in Arotech during the 4th quarter worth $311,000. Acadian Asset Management LLC lifted its position in Arotech by 141.0% during the 1st quarter. Acadian Asset Management LLC now owns 87,295 shares of the aerospace company’s stock worth $256,000 after acquiring an additional 51,067 shares during the last quarter. Finally, ETF Managers Group LLC lifted its position in Arotech by 63.7% during the 4th quarter. ETF Managers Group LLC now owns 82,876 shares of the aerospace company’s stock worth $217,000 after acquiring an additional 32,235 shares during the last quarter. 30.79% of the stock is owned by hedge funds and other institutional investors.
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.
Recommended Story: Municipal Bonds
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.