Notable Mover: What Next for Arotech Corporation Stock After Today’s Big Increase?

Notable Mover: What Next for Arotech Corporation Stock After Today's Big Increase?

The stock of Arotech Corporation (NASDAQ:ARTX) is a huge mover today! The stock last traded at $3.55 per share. It is down 8.51% since April 25, 2016 and is downtrending. It has underperformed by 14.52% the S&P500.
The move comes after 7 months positive chart setup for the $95.20M company. It was reported on Nov, 28 by Barchart.com. We have $3.69 PT which if reached, will make NASDAQ:ARTX worth $3.81 million more.

Analysts await Arotech Corporation (NASDAQ:ARTX) to report earnings on March, 13. They expect $0.02 earnings per share, down 60.00% or $0.03 from last year’s $0.05 per share. ARTX’s profit will be $536,338 for 44.38 P/E if the $0.02 EPS becomes a reality. After $0.06 actual earnings per share reported by Arotech Corporation for the previous quarter, Wall Street now forecasts -66.67% negative 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 0.92 in 2016 Q2. Its down 0.23, from 1.15 in 2016Q1. The ratio turned negative, 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.
Tower Rech Ltd Co (Trc) holds 0% of its portfolio in Arotech Corporation (NASDAQ:ARTX) for 3,180 shares. National Bank Of Ny Mellon Corp accumulated 33,871 shares or 0% of the stock. Deutsche National Bank & Trust Ag accumulated 3 shares or 0% of the stock. Vanguard Gru, a Pennsylvania-based fund reported 942,064 shares. Moreover, Tfs Ltd Limited Liability Company has 0.03% invested in Arotech Corporation (NASDAQ:ARTX) for 48,959 shares. Millennium Management Ltd Liability Corporation last reported 38,241 shares in the company. Manufacturers Life Ins The has 319 shares for 0% of their US portfolio. Susquehanna International Group Inc Llp last reported 0% of its portfolio in the stock. California Pub Employees Retirement Sys holds 33,742 shares or 0% of its portfolio. Bridgeway Cap Mgmt holds 0.02% of its portfolio in Arotech Corporation (NASDAQ:ARTX) for 416,063 shares. Jpmorgan Chase & holds 0% or 300 shares in its portfolio. Federated Incorporated Pa accumulated 613 shares or 0% of the stock. First Manhattan reported 4 shares or 0% of all its holdings. Oxford Asset holds 345,482 shares or 0.04% of its portfolio. Sigma Planning last reported 10,000 shares in the company.

Insider Transactions: Since June 1, 2016, the stock had 6 insider purchases, and 1 insider sale for $108,084 net activity. Kutler Jon B also bought $26,000 worth of Arotech Corporation (NASDAQ:ARTX) shares. The insider Cappell Kenneth W bought 9,000 shares worth $29,070. $30,250 worth of Arotech Corporation (NASDAQ:ARTX) shares were sold by EHRLICH ROBERT S. $13,059 worth of Arotech Corporation (NASDAQ:ARTX) shares were bought by Hagenbuch Lawrence F.

More news for Arotech Corporation (NASDAQ:ARTX) were recently published by: Zacks.com, which released: “3 Reasons Value Stock Investors Will Love Arotech Corporation (ARTX)” on March 31, 2016. Prnewswire.com‘s article titled: “Arotech Announces $3 Million Stock Investment by Admiralty Partners, Inc.” and published on February 03, 2016 is yet another important article.

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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