Insider Buying: Arotech Co. (ARTX) Chairman Purchases 20,000 Shares of Stock
Arotech Co. (NASDAQ:ARTX) Chairman Jon B. Kutler purchased 20,000 shares of the company’s stock in a transaction dated Friday, March 16th. The stock was purchased at an average price of $3.20 per share, for a total transaction of $64,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Arotech stock traded down $0.05 during midday trading on Thursday, hitting $3.25. 24,102 shares of the stock were exchanged, compared to its average volume of 128,254. The firm has a market cap of $87.29, a P/E ratio of 20.63 and a beta of 1.33. Arotech Co. has a 1 year low of $2.70 and a 1 year high of $4.35. The company has a quick ratio of 1.64, a current ratio of 1.97 and a debt-to-equity ratio of 0.12.
Arotech (NASDAQ:ARTX) last issued its quarterly earnings results on Wednesday, March 14th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.08. The firm had revenue of $29.00 million for the quarter, compared to the consensus estimate of $25.93 million. Arotech had a net margin of 3.88% and a return on equity of 5.98%. During the same quarter in the previous year, the company earned ($0.02) EPS. sell-side analysts expect that Arotech Co. will post 0.13 earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of Arotech from a “hold” rating to a “sell” rating in a research report on Tuesday.
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.
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