The stock of Arotech Corporation (NASDAQ:ARTX) is a huge mover today! The stock decreased 6.35% or $0.2 on September 30, hitting $2.95. About 253,957 shares traded hands or 76.61% up from the average. Arotech Corporation (NASDAQ:ARTX) has risen 20.23% since February 26, 2016 and is uptrending. It has outperformed by 9.80% the S&P500.
The move comes after 9 months negative chart setup for the $81.62M company. It was reported on Oct, 1 by Barchart.com. We have $2.60 PT which if reached, will make NASDAQ:ARTX worth $9.79 million less.
Analysts await Arotech Corporation (NASDAQ:ARTX) to report earnings on November, 14. They expect $-0.01 EPS, down 150.00% or $0.03 from last year’s $0.02 per share. After $-0.03 actual EPS reported by Arotech Corporation for the previous quarter, Wall Street now forecasts -66.67% EPS growth.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.07, from 1.22 in 2016Q1. The ratio dived, as 5 funds sold all Arotech Corporation shares owned while 8 reduced positions. 9 funds bought stakes while 6 increased positions. They now own 4.06 million shares or 61.11% more from 2.52 million shares in 2016Q1.
The Texas-based Bridgeway has invested 0.02% in Arotech Corporation (NASDAQ:ARTX). Federated Invsts Pa has 613 shares for 0% of their US portfolio. Sigma Planning holds 10,000 shares or 0% of its portfolio. Ladenburg Thalmann Finance has invested 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX). Vanguard Group Inc holds 942,064 shares or 0% of its portfolio. Fny Managed Accounts has 0% invested in the company for 26,200 shares. Cannell Cap has invested 0.38% of its portfolio in Arotech Corporation (NASDAQ:ARTX). Citadel Advsr Limited Liability Company has invested 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX). Jpmorgan Chase And last reported 300 shares in the company. Millennium Management Ltd Liability Company has 0% invested in the company for 38,241 shares. Dimensional Fund Advsrs Lp last reported 0% of its portfolio in the stock. Renaissance Technologies accumulated 0% or 160,000 shares. The New York-based Bank Of New York Mellon has invested 0% in Arotech Corporation (NASDAQ:ARTX). Gsa Cap Prtnrs Ltd Liability Partnership owns 34,800 shares or 0.01% of their US portfolio. The New York-based First Manhattan has invested 0% in Arotech Corporation (NASDAQ:ARTX).
Insider Transactions: Since June 1, 2016, the stock had 3 insider buys, and 1 sale for $109,287 net activity. $26,000 worth of Arotech Corporation (NASDAQ:ARTX) was bought by Kutler Jon B on Monday, August 22. Shares for $8,490 were bought by Cappell Kenneth W on Wednesday, June 15. $30,250 worth of shares were sold by EHRLICH ROBERT S on Tuesday, June 7.
More notable recent Arotech Corporation (NASDAQ:ARTX) news were published by: Zacks.com which released: “3 Reasons Value Stock Investors Will Love Arotech Corporation (ARTX)” on March 31, 2016, also Prnewswire.com with their article: “Arotech to Discontinue Iron Flow Storage Project as of August 31, 2016; Seeks …” published on August 22, 2016, Prnewswire.com published: “Arotech Announces $3 Million Stock Investment by Admiralty Partners, Inc.” on February 03, 2016. More interesting news about Arotech Corporation (NASDAQ:ARTX) were released by: Zacks.com and their article: “Arotech Corp. (ARTX): The Best Growth Stock Under $10?” published on April 19, 2016 as well as Seekingalpha.com‘s news article titled: “Arotech Corp. – A Stock Ready To Triple; $12 Price Target” with publication date: June 12, 2014.
ARTX Company Profile
Arotech Corporation, incorporated on December 20, 1990, is a defense and security services and products company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military, commercial and medical markets. The Firm operates through two divisions: Training and Simulation Division, and Power Systems Division. The Company’s Training and Simulation Division develops, makes 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. The Company’s Power Systems Division provides battery solutions, energy management and power distribution technologies and product design and manufacturing services for the aerospace, defense, law enforcement, homeland security markets, and it makes and sells rechargeable batteries for defense and security products and medical and industrial applications.
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