RADA Electronic Ind. (NASDAQ:RADA) released its earnings results on Tuesday. The aerospace company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.01, Zacks Earnings Dates reports. The company had revenue of $15.07 million during the quarter. RADA Electronic Ind. had a negative return on equity of 3.02% and a negative net margin of 2.71%. RADA Electronic Ind. updated its FY 2020
Pre-Market guidance to EPS.
NASDAQ RADA traded down $0.09 on Thursday, hitting $5.04. 165,326 shares of the stock traded hands, compared to its average volume of 237,852. The business’s fifty day moving average is $4.12 and its two-hundred day moving average is $4.98. RADA Electronic Ind. has a 12 month low of $2.05 and a 12 month high of $7.00. The firm has a market capitalization of $222.59 million, a price-to-earnings ratio of -128.25 and a beta of 1.09.
RADA has been the subject of several recent analyst reports. ValuEngine lowered RADA Electronic Ind. from a “hold” rating to a “sell” rating in a report on Thursday, May 7th. Canaccord Genuity reaffirmed a “buy” rating on shares of RADA Electronic Ind. in a report on Wednesday.
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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