Insider Buying: Arotech Co. (ARTX) Director Buys $32,800.00 in Stock

Arotech Co. (NASDAQ:ARTX) Director Kenneth W. Cappell acquired 10,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was acquired at an average cost of $3.28 per share, for a total transaction of $32,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Arotech stock traded up $0.05 during mid-day trading on Friday, hitting $3.35. 92,185 shares of the stock were exchanged, compared to its average volume of 115,077. Arotech Co. has a twelve month low of $2.70 and a twelve month high of $4.35. The stock has a market capitalization of $86.08 million, a P/E ratio of 14.77 and a beta of 1.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.08 and a quick ratio of 1.67.

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

A number of equities research analysts recently commented on ARTX shares. Zacks Investment Research raised shares of Arotech from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research note on Friday, May 25th. TheStreet cut shares of Arotech from a “b-” rating to a “c” rating in a research note on Tuesday, July 3rd. Finally, ValuEngine cut shares of Arotech from a “hold” rating to a “sell” rating in a research note on Wednesday.

Several institutional investors have recently added to or reduced their stakes in ARTX. Millennium Management LLC boosted its stake in shares of Arotech by 1,124.3% during the 2nd quarter. Millennium Management LLC now owns 469,163 shares of the aerospace company’s stock worth $1,759,000 after purchasing an additional 430,842 shares during the last quarter. Ancora Advisors LLC acquired a new stake in shares of Arotech during the 1st quarter worth about $782,000. Dimensional Fund Advisors LP boosted its stake in shares of Arotech by 17.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,538,995 shares of the aerospace company’s stock worth $4,694,000 after purchasing an additional 231,976 shares during the last quarter. B. Riley Financial Inc. acquired a new stake in shares of Arotech during the 2nd quarter worth about $400,000. Finally, Algert Global LLC boosted its stake in shares of Arotech by 800.9% during the 2nd 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 during the last quarter. 27.44% of the stock is currently owned by institutional investors.

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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