RADA Electronic Ind. (RADA) Announces Earnings Results, Hits Expectations

RADA Electronic Ind. (NASDAQ:RADA) posted its earnings results on Tuesday. The aerospace company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.01), Morningstar.com reports. RADA Electronic Ind. had a net margin of 0.59% and a return on equity of 1.72%.

RADA opened at $3.75 on Wednesday. The company has a market cap of $145.94 million, a P/E ratio of 388.99 and a beta of 0.42. RADA Electronic Ind. has a 1 year low of $2.35 and a 1 year high of $3.96.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Delek Group Ltd. increased its position in RADA Electronic Ind. by 192.5% during the 4th quarter. Delek Group Ltd. now owns 1,317,083 shares of the aerospace company’s stock worth $3,489,000 after purchasing an additional 866,741 shares in the last quarter. Noked Capital LTD acquired a new stake in RADA Electronic Ind. during the 4th quarter worth approximately $659,000. ETF Managers Group LLC increased its position in RADA Electronic Ind. by 27.2% during the 4th quarter. ETF Managers Group LLC now owns 76,929 shares of the aerospace company’s stock worth $198,000 after purchasing an additional 16,442 shares in the last quarter. Virtu Financial LLC acquired a new stake in RADA Electronic Ind. during the 4th quarter worth approximately $65,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in RADA Electronic Ind. during the 4th quarter worth approximately $160,000. 6.99% of the stock is owned by hedge funds and other institutional investors.

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About RADA Electronic Ind.

RADA Electronic Industries Ltd. develops, manufactures, markets, and sells defense electronics to various air forces and companies worldwide. The company offers military avionics systems, including flight data recorders for fighter aircraft; digital video/audio/data recorders with data transfer functions; high-rate data recorders for aircraft and airborne pods; video recorders and airborne data servers; high definition digital video/audio/data recording for fighter and trainer aircrafts; a range of head-up-displays color video cameras for fighter aircraft; and various ground debriefing solutions.

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Earnings History for RADA Electronic Ind. (NASDAQ:RADA)

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