Arotech Corporation (ARTX) Issues Earnings Results

Arotech Corporation (NASDAQ:ARTX) announced its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.02, Bloomberg Earnings reports. The firm had revenue of $21.45 million during the quarter, compared to the consensus estimate of $22.70 million. Arotech Corporation had a negative net margin of 3.09% and a positive return on equity of 3.20%. During the same period last year, the business earned ($0.03) earnings per share.

Shares of Arotech Corporation (ARTX) opened at 3.35 on Friday. Arotech Corporation has a 52 week low of $2.25 and a 52 week high of $5.00. The company’s market cap is $87.82 million. The company has a 50 day moving average of $3.62 and a 200 day moving average of $3.48.

ARTX has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating and issued a $4.50 price objective on shares of Arotech Corporation in a research note on Friday, May 5th. ValuEngine raised shares of Arotech Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, Zacks Investment Research cut shares of Arotech Corporation from a “buy” rating to a “hold” rating in a research note on Friday, May 26th.

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Arotech Corporation Company Profile

Arotech Corporation is a defense and security products and services 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 Company operates through two segments: Training and Simulation Division, and Power Systems Division.

Earnings History for Arotech Corporation (NASDAQ:ARTX)

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