The stock of Arotech Corporation (NASDAQ:ARTX) is a huge mover today! About 513,520 shares traded hands or 90.02% up from the average. Arotech Corporation (NASDAQ:ARTX) has risen 40.00% since March 8, 2016 and is uptrending. It has outperformed by 30.68% the S&P500.
The move comes after 5 months negative chart setup for the $92.53 million company. It was reported on Oct, 11 by Barchart.com. We have $2.84 PT which if reached, will make NASDAQ:ARTX worth $12.03 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.
Moreover, Federated Pa has 0% invested in Arotech Corporation (NASDAQ:ARTX) for 613 shares. The New York-based Renaissance Techs Ltd Llc has invested 0% in Arotech Corporation (NASDAQ:ARTX). Vanguard Grp Inc owns 942,064 shares or 0% of their US portfolio. Dimensional Fund Advsr Lp has 0% invested in the company for 472,215 shares. Citadel Advisors Lc owns 21,914 shares or 0% of their US portfolio. Tower Research Ltd Liability Co (Trc) has 3,180 shares for 0% of their US portfolio. Deutsche Bancorp Ag accumulated 0% or 3 shares. Cannell Capital Limited Liability Com accumulated 333,735 shares or 0.38% of the stock. Millennium Management Ltd holds 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX) for 38,241 shares. Fny Managed Accounts Limited Liability Corp has invested 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX). Manufacturers Life Ins The has 0% invested in the company for 319 shares. Bridgeway Cap Management last reported 0.02% of its portfolio in the stock. Moreover, Morgan Stanley has 0% invested in Arotech Corporation (NASDAQ:ARTX) for 32,111 shares. First Manhattan holds 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX) for 4 shares. Eam Invsts Ltd Liability Com has invested 0.2% of its portfolio in Arotech Corporation (NASDAQ:ARTX).
Insider Transactions: Since June 1, 2016, the stock had 3 buys, and 1 insider sale for $109,287 net activity. 39,179 shares were bought by Kutler Jon B, worth $105,047 on Wednesday, June 1. Cappell Kenneth W bought $8,490 worth of stock. EHRLICH ROBERT S had sold 10,000 shares worth $30,250.
More 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 published the news titled: “Arotech Announces $3 Million Stock Investment by Admiralty Partners, Inc.” on February 03, 2016. Prnewswire.com‘s news article titled: “Arotech to Discontinue Iron Flow Storage Project as of August 31, 2016; Seeks …” with publication date: August 22, 2016 was also an interesting one.
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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