Price Action Alert: Arotech Corporation Can’t Burn Your Short Portfolio. Has Another Weak Session

Price Action Alert: Arotech Corporation Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Arotech Corporation (NASDAQ:ARTX) is a huge mover today! About 299,368 shares traded hands. Arotech Corporation (NASDAQ:ARTX) has declined 2.62% since April 18, 2016 and is downtrending. It has underperformed by 7.05% the S&P500.
The move comes after 8 months negative chart setup for the $81.93M company. It was reported on Nov, 18 by Barchart.com. We have $2.70 PT which if reached, will make NASDAQ:ARTX worth $11.47M less.

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 0.92 in 2016 Q2. Its down 0.23, from 1.15 in 2016Q1. The ratio dropped, 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.
Blackrock Fund Advisors last reported 57,831 shares in the company. Fny Managed Accounts Llc holds 26,200 shares or 0% of its portfolio. Sigma Planning Corporation holds 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX) for 10,000 shares. Tower Research Ltd Liability Co (Trc) holds 3,180 shares or 0% of its portfolio. Cannell Capital Limited Com accumulated 0.38% or 333,735 shares. Blackrock Invest Management Limited Liability Corporation holds 0% or 3,606 shares in its portfolio. Gsa Capital Partners Llp reported 34,800 shares or 0.01% of all its holdings. Northern Corp holds 41,728 shares or 0% of its portfolio. California Public Employees Retirement Sys owns 33,742 shares or 0% of their US portfolio. Renaissance Technology Lc has 160,000 shares for 0% of their US portfolio. Manufacturers Life Insur The reported 319 shares or 0% of all its holdings. Susquehanna Intll Group Llp holds 23,074 shares or 0% of its portfolio. The Florida-based Ladenburg Thalmann Financial Svcs has invested 0% in Arotech Corporation (NASDAQ:ARTX). The New York-based First Manhattan Co has invested 0% in Arotech Corporation (NASDAQ:ARTX). Citadel Advisors Limited Liability Corporation owns 21,914 shares or 0% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 6 buys, and 1 insider sale for $184,061 net activity. Kutler Jon B also bought $105,047 worth of Arotech Corporation (NASDAQ:ARTX) shares. Cappell Kenneth W had bought 11,000 shares worth $36,715. 4,100 shares with value of $13,059 were bought by Hagenbuch Lawrence F on Friday, November 11. EHRLICH ROBERT S sold $30,250 worth of stock or 10,000 shares.

Another recent and important Arotech Corporation (NASDAQ:ARTX) news was published by Zacks.com which published an article titled: “3 Reasons Value Stock Investors Will Love Arotech Corporation (ARTX)” on March 31, 2016.

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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