According to Zacks, “Arotech Corporation operates two business divisions: Electric Fuel Batteries — developing and manufacturing zinc-air batteries for military and homeland security applications and developing electric vehicle batteries for zero emission public transportation; and Arotech Defense — consisting of IES Interactive, which provides advanced high-tech multimedia training systems for law enforcement and paramilitary organizations, MDT Armor, which provides vehicle armoring for the military, industrial and private sectors, and Arcon Security. “
Other equities research analysts also recently issued reports about the stock. TheStreet cut shares of Wayside Technology Group from a b- rating to a c rating in a report on Wednesday, May 22nd. ValuEngine raised shares of Ultrapar Participacoes from a strong sell rating to a sell rating in a report on Tuesday, June 4th.
Arotech (NASDAQ:ARTX) last released its quarterly earnings data on Wednesday, May 8th. The aerospace company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ 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, sell-side analysts expect that Arotech will post 0.12 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of ARTX. Acadian Asset Management LLC increased its position in Arotech by 31.7% during the 4th quarter. Acadian Asset Management LLC now owns 36,228 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 8,729 shares during the period. Van ECK Associates Corp increased its position in Arotech by 49.4% during the 4th quarter. Van ECK Associates Corp now owns 13,153 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 4,352 shares during the period. Dimensional Fund Advisors LP increased its position in Arotech by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,952,736 shares of the aerospace company’s stock valued at $5,116,000 after purchasing an additional 86,679 shares during the period. Virtu Financial LLC acquired a new stake in Arotech during the 1st quarter valued at approximately $63,000. Finally, Buckingham Asset Management LLC acquired a new stake in Arotech during the 1st quarter valued at approximately $102,000. Institutional investors and hedge funds own 32.81% of the company’s stock.
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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