Shares of RADA Electronic Ind. Ltd. (NASDAQ:RADA) rose 6.3% during trading on Tuesday . The company traded as high as $3.79 and last traded at $3.74, approximately 407,442 shares changed hands during trading. An increase of 387% from the average daily volume of 83,626 shares. The stock had previously closed at $3.52.
Separately, ValuEngine cut shares of RADA Electronic Ind. from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.
The firm has a 50 day moving average price of $3.39.
An institutional investor recently bought a new position in RADA Electronic Ind. stock. Raymond James & Associates purchased a new position in shares of RADA Electronic Ind. Ltd. (NASDAQ:RADA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,080 shares of the aerospace company’s stock, valued at approximately $49,000. Raymond James & Associates owned about 0.06% of RADA Electronic Ind. at the end of the most recent quarter. 6.54% of the stock is owned by hedge funds and other institutional investors.
RADA Electronic Ind. Company Profile (NASDAQ:RADA)
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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