Rada Electronics Industries Limited (NASDAQ:RADA) hit a new 52-week high during trading on Wednesday . The stock traded as high as $2.42 and last traded at $2.41, with a volume of 2,321,425 shares trading hands. The stock had previously closed at $2.22.

Separately, ValuEngine lowered Rada Electronics Industries Limited from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th.

The company’s 50 day moving average is $2.04 and its 200 day moving average is $1.47. The firm’s market cap is $50.99 million.

Rada Electronics Industries Limited (NASDAQ:RADA) last announced its quarterly earnings results on Thursday, August 10th. The aerospace company reported $0.02 earnings per share (EPS) for the quarter. Rada Electronics Industries Limited had a negative return on equity of 6.38% and a negative net margin of 3.41%. The company had revenue of $5.32 million for the quarter. Equities research analysts forecast that Rada Electronics Industries Limited will post $1.00 earnings per share for the current year.

A hedge fund recently bought a new stake in Rada Electronics Industries Limited stock. Analyst IMS Investment Management Services Ltd. purchased a new position in shares of Rada Electronics Industries Limited (NASDAQ:RADA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 137,000 shares of the aerospace company’s stock, valued at approximately $247,000. Analyst IMS Investment Management Services Ltd. owned about 0.63% of Rada Electronics Industries Limited as of its most recent filing with the SEC. 0.92% of the stock is currently owned by hedge funds and other institutional investors.

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About Rada Electronics Industries Limited

RADA Electronic Industries Ltd. is an aviation and defense company. The Company develops, manufactures and sells defense electronics, including, avionics solutions (including avionics for unmanned aerial vehicles (UAVs)), airborne data/video recording and management systems, inertial navigation systems and tactical land radars for defense forces and border protection systems.

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