Arotech (ARTX) Downgraded by ValuEngine

ValuEngine downgraded shares of Arotech (NASDAQ:ARTX) from a hold rating to a sell rating in a research note released on Wednesday.

ARTX has been the topic of several other research reports. Zacks Investment Research cut Arotech from a hold rating to a sell rating in a report on Monday, August 20th. TheStreet cut Arotech from a b- rating to a c rating in a report on Tuesday, July 3rd.

ARTX stock opened at $3.35 on Wednesday. Arotech has a 52-week low of $2.70 and a 52-week high of $4.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.67 and a current ratio of 2.08. The firm has a market cap of $86.08 million, a PE ratio of 20.94 and a beta of 1.66.

Arotech (NASDAQ:ARTX) last posted its quarterly earnings data on Tuesday, August 7th. The aerospace company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. Arotech had a return on equity of 7.89% and a net margin of 5.65%. The business had revenue of $21.88 million for the quarter, compared to analysts’ expectations of $23.75 million. equities research analysts predict that Arotech will post 0.14 EPS for the current fiscal year.

In other news, Director Kenneth W. Cappell bought 10,000 shares of Arotech stock in a transaction that occurred on Thursday, September 13th. The shares were purchased at an average price of $3.28 per share, for a total transaction of $32,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Jon B. Kutler bought 20,000 shares of Arotech stock in a transaction that occurred on Monday, September 10th. The stock was purchased at an average price of $3.20 per share, for a total transaction of $64,000.00. The disclosure for this purchase can be found here. Insiders have bought 35,289 shares of company stock worth $113,867 in the last 90 days. Insiders own 9.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Spark Investment Management LLC lifted its stake in shares of Arotech by 155.0% during the first quarter. Spark Investment Management LLC now owns 38,500 shares of the aerospace company’s stock worth $117,000 after purchasing an additional 23,400 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new position in shares of Arotech during the second quarter worth about $112,000. Alambic Investment Management L.P. acquired a new position in shares of Arotech during the second quarter worth about $126,000. Cannell Capital LLC lifted its stake in shares of Arotech by 2.7% during the first quarter. Cannell Capital LLC now owns 1,817,418 shares of the aerospace company’s stock worth $5,543,000 after purchasing an additional 47,256 shares in the last quarter. Finally, Algert Global LLC lifted its stake in shares of Arotech by 800.9% during the second quarter. Algert Global LLC now owns 99,553 shares of the aerospace company’s stock worth $373,000 after purchasing an additional 88,503 shares in the last quarter. Institutional investors own 27.44% of the company’s stock.

About Arotech

Arotech Corporation provides defense and security products worldwide. The company's Training and Simulation division develops, manufactures, 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.

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