RADA Electronic Ind. Ltd. (NASDAQ:RADA) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.35 and traded as high as $5.16. RADA Electronic Ind. shares last traded at $5.10, with a volume of 5,898 shares changing hands.
A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of RADA Electronic Ind. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Alliance Global Partners restated a “buy” rating and set a $7.50 target price (up from $6.50) on shares of RADA Electronic Ind. in a research report on Thursday, September 19th.
The business’s 50-day moving average is $5.27 and its 200-day moving average is $4.35.
Institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP raised its position in shares of RADA Electronic Ind. by 66.6% in the second quarter. Susquehanna International Group LLP now owns 21,933 shares of the aerospace company’s stock worth $74,000 after acquiring an additional 8,770 shares during the period. Renaissance Technologies LLC raised its position in shares of RADA Electronic Ind. by 532.2% in the second quarter. Renaissance Technologies LLC now owns 482,968 shares of the aerospace company’s stock worth $1,589,000 after acquiring an additional 406,568 shares during the period. River & Mercantile Asset Management LLP acquired a new position in shares of RADA Electronic Ind. in the second quarter worth about $1,887,000. Phoenix Holdings Ltd. acquired a new position in shares of RADA Electronic Ind. in the third quarter worth about $13,635,000. Finally, Virtu Financial LLC acquired a new position in shares of RADA Electronic Ind. in the third quarter worth about $119,000. Institutional investors and hedge funds own 24.35% of the company’s stock.
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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