Zacks Investment Research lowered shares of Arotech Corporation (NASDAQ:ARTX) from a hold rating to a sell rating in a research report report published on Monday.

According to Zacks, “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. “

Separately, B. Riley reissued a buy rating and issued a $4.50 price target on shares of Arotech Corporation in a research note on Monday, August 7th.

Shares of Arotech Corporation (ARTX) opened at 4.08 on Monday. The firm’s market capitalization is $106.96 million. The stock has a 50 day moving average price of $3.65 and a 200 day moving average price of $3.44. Arotech Corporation has a 52 week low of $2.25 and a 52 week high of $5.00.

Arotech Corporation (NASDAQ:ARTX) last released its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). Arotech Corporation had a positive return on equity of 3.20% and a negative net margin of 3.09%. The company had revenue of $21.45 million during the quarter, compared to the consensus estimate of $22.70 million. During the same period in the previous year, the company earned ($0.03) earnings per share. Analysts forecast that Arotech Corporation will post $0.18 EPS for the current year.

WARNING: “Arotech Corporation (ARTX) Lowered to “Sell” at Zacks Investment Research” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/arotech-corporation-artx-lowered-to-sell-at-zacks-investment-research/1612632.html.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cannell Capital LLC increased its stake in shares of Arotech Corporation by 18.2% during the first quarter. Cannell Capital LLC now owns 1,179,465 shares of the aerospace company’s stock valued at $3,479,000 after purchasing an additional 181,902 shares in the last quarter. Essex Investment Management Co. LLC increased its stake in shares of Arotech Corporation by 35.9% during the second quarter. Essex Investment Management Co. LLC now owns 436,266 shares of the aerospace company’s stock valued at $1,549,000 after purchasing an additional 115,254 shares in the last quarter. Credit Agricole S A bought a new position in shares of Arotech Corporation during the first quarter valued at approximately $676,000. Dimensional Fund Advisors LP increased its stake in shares of Arotech Corporation by 32.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,082,745 shares of the aerospace company’s stock valued at $3,194,000 after purchasing an additional 264,407 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Arotech Corporation by 73.5% during the first quarter. Goldman Sachs Group Inc. now owns 48,311 shares of the aerospace company’s stock valued at $143,000 after purchasing an additional 20,461 shares in the last quarter. 21.57% of the stock is owned by institutional investors and hedge funds.

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.

Get a free copy of the Zacks research report on Arotech Corporation (ARTX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Arotech Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arotech Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.