Delek Group Ltd. lifted its holdings in Arotech Co. (NASDAQ:ARTX) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,985 shares of the aerospace company’s stock after buying an additional 6,587 shares during the quarter. Delek Group Ltd. owned 0.22% of Arotech worth $115,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of ARTX. Acadian Asset Management LLC raised its holdings in shares of Arotech by 141.0% in the first quarter. Acadian Asset Management LLC now owns 87,295 shares of the aerospace company’s stock worth $256,000 after acquiring an additional 51,067 shares during the last quarter. Buckingham Asset Management LLC acquired a new position in shares of Arotech in the first quarter worth $102,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Arotech in the first quarter worth $78,000. Finally, Virtu Financial LLC acquired a new position in shares of Arotech in the first quarter worth $63,000. Hedge funds and other institutional investors own 33.91% of the company’s stock.
ARTX stock opened at $2.40 on Friday. Arotech Co. has a 12-month low of $1.61 and a 12-month high of $3.66. The stock has a 50-day moving average price of $2.22 and a two-hundred day moving average price of $2.47. The company has a current ratio of 1.70, a quick ratio of 1.43 and a debt-to-equity ratio of 0.14. The company has a market cap of $62.93 million, a PE ratio of 15.00 and a beta of 1.26.
Arotech (NASDAQ:ARTX) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Arotech had a return on equity of 2.79% and a net margin of 0.19%. The company had revenue of $23.27 million during the quarter, compared to the consensus estimate of $21.58 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Equities analysts forecast that Arotech Co. will post 0.12 EPS for the current fiscal year.
A number of research firms have recently weighed in on ARTX. Zacks Investment Research raised Arotech from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a report on Thursday, August 8th. TheStreet downgraded Arotech from a “c” rating to a “d+” rating in a research report on Wednesday, May 22nd. Finally, ValuEngine raised Arotech from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.
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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