RADA Electronic Ind. (NASDAQ:RADA) released its earnings results on Tuesday. The aerospace company reported $0.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.01, Zacks Earnings Dates reports. The firm had revenue of $15.07 million for 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.
RADA Electronic Ind. stock traded down $0.06 during midday trading on Thursday, reaching $5.07. The company’s stock had a trading volume of 58,966 shares, compared to its average volume of 237,852. The stock’s 50-day simple moving average is $4.12 and its 200-day simple moving average is $4.98. RADA Electronic Ind. has a 52-week low of $2.05 and a 52-week high of $7.00. The stock has a market capitalization of $222.59 million, a P/E ratio of -128.25 and a beta of 1.09.
RADA has been the topic of several research analyst reports. Canaccord Genuity reaffirmed a “buy” rating on shares of RADA Electronic Ind. in a research report on Wednesday. ValuEngine cut RADA Electronic Ind. from a “hold” rating to a “sell” rating in a research note on Thursday, May 7th.
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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