Arotech (NASDAQ:ARTX) Downgraded to “Sell” at ValuEngine

ValuEngine lowered shares of Arotech (NASDAQ:ARTX) from a hold rating to a sell rating in a report released on Tuesday, June 4th, ValuEngine reports.

ARTX has been the subject of several other research reports. Zacks Investment Research downgraded shares of Arotech from a buy rating to a hold rating in a research note on Monday, February 4th. TheStreet downgraded shares of Arotech from a c rating to a d+ rating in a research note on Wednesday, May 22nd.

NASDAQ ARTX traded up $0.04 during trading hours on Tuesday, hitting $1.99. The company had a trading volume of 57,904 shares, compared to its average volume of 70,218. The company has a current ratio of 1.81, a quick ratio of 1.50 and a debt-to-equity ratio of 0.16. Arotech has a 1-year low of $1.89 and a 1-year high of $4.00. The stock has a market cap of $53.07 million, a P/E ratio of 12.44 and a beta of 1.52. The firm has a 50 day moving average of $2.15.

Arotech (NASDAQ:ARTX) last announced its earnings results on Wednesday, May 8th. The aerospace company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). Arotech had a positive return on equity of 2.60% and a negative net margin of 0.15%. The business had revenue of $20.78 million for the quarter, compared to analyst estimates of $24.10 million. On average, sell-side analysts predict that Arotech will post 0.12 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in Arotech by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,952,736 shares of the aerospace company’s stock worth $5,116,000 after purchasing an additional 86,679 shares in the last quarter. LSV Asset Management purchased a new position in Arotech during the fourth quarter worth about $311,000. Acadian Asset Management LLC raised its holdings in Arotech by 141.0% during the first quarter. Acadian Asset Management LLC now owns 87,295 shares of the aerospace company’s stock worth $256,000 after purchasing an additional 51,067 shares in the last quarter. ETF Managers Group LLC raised its holdings in Arotech by 63.7% during the fourth quarter. ETF Managers Group LLC now owns 82,876 shares of the aerospace company’s stock worth $217,000 after purchasing an additional 32,235 shares in the last quarter. Finally, Delek Group Ltd. purchased a new position in Arotech during the first quarter worth about $153,000. 32.81% of the stock is owned by hedge funds and other 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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