ValuEngine Upgrades Arotech (NASDAQ:ARTX) to “Hold”

ValuEngine upgraded shares of Arotech (NASDAQ:ARTX) from a sell rating to a hold rating in a research note published on Thursday morning, ValuEngine reports.

ARTX has been the topic of a number of other reports. Zacks Investment Research upgraded Arotech from a strong sell rating to a hold rating in a research note on Tuesday, July 9th. TheStreet cut Arotech from a c rating to a d+ rating in a research note on Wednesday, May 22nd.

Shares of NASDAQ ARTX traded down $0.01 during mid-day trading on Thursday, hitting $2.15. The company had a trading volume of 345,647 shares, compared to its average volume of 105,366. The stock has a market cap of $57.60 million, a P/E ratio of 13.44 and a beta of 1.32. The company has a quick ratio of 1.50, a current ratio of 1.81 and a debt-to-equity ratio of 0.16. Arotech has a 1-year low of $1.61 and a 1-year high of $4.00. The business’s 50-day moving average price is $1.93.

Arotech (NASDAQ:ARTX) last announced its quarterly earnings data on Wednesday, May 8th. The aerospace company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06). Arotech had a negative net margin of 0.15% and a positive return on equity of 2.60%. The company had revenue of $20.78 million during the quarter, compared to analyst estimates of $24.10 million. As a group, analysts expect that Arotech will post 0.12 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Arotech in the first quarter valued at $63,000. O Shaughnessy Asset Management LLC acquired a new stake in Arotech in the first quarter valued at $78,000. Buckingham Asset Management LLC acquired a new stake in Arotech in the first quarter valued at $102,000. Delek Group Ltd. acquired a new stake in Arotech in the first quarter valued at $153,000. Finally, Acadian Asset Management LLC raised its stake in Arotech by 141.0% in the first quarter. Acadian Asset Management LLC now owns 87,295 shares of the aerospace company’s stock valued at $256,000 after buying an additional 51,067 shares in the last quarter. Institutional investors own 32.69% of the company’s stock.

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.

Recommended Story: What is the price-to-earnings growth (PEG) ratio?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.