Arotech (NASDAQ:ARTX) Announces Earnings Results, Meets Expectations

Arotech (NASDAQ:ARTX) announced its earnings results on Wednesday. The aerospace company reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06, Fidelity Earnings reports. Arotech had a net margin of 0.19% and a return on equity of 2.79%. The firm had revenue of $23.57 million for the quarter, compared to analyst estimates of $26.45 million.

Shares of ARTX opened at $2.99 on Friday. The firm has a market cap of $79.73 million, a PE ratio of 18.69 and a beta of 1.29. The company’s fifty day moving average is $2.92 and its two-hundred day moving average is $2.40. Arotech has a fifty-two week low of $1.61 and a fifty-two week high of $3.66. The company has a quick ratio of 1.43, a current ratio of 1.70 and a debt-to-equity ratio of 0.14.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Arotech from a “buy” rating to a “hold” rating in a research report on Thursday. TheStreet upgraded shares of Arotech from a “d+” rating to a “c-” rating in a research report on Friday, September 27th. ValuEngine upgraded shares of Arotech from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, B. Riley set a $4.50 target price on shares of Arotech and gave the stock a “buy” rating in a research report on Monday, September 23rd.

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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Earnings History for Arotech (NASDAQ:ARTX)

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