Arotech Corp. (NASDAQ:ARTX)‘s stock had its “buy” rating reaffirmed by analysts at B. Riley in a research note issued on Tuesday. They currently have a $4.50 price objective on the stock. B. Riley’s target price indicates a potential upside of 26.76% from the stock’s current price.
Separately, Zacks Investment Research raised shares of Arotech Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 12th.
Shares of Arotech Corp. (NASDAQ:ARTX) traded up 1.43% during trading on Tuesday, reaching $3.55. 57,527 shares of the company’s stock were exchanged. Arotech Corp. has a 52 week low of $1.60 and a 52 week high of $4.13. The stock has a 50 day moving average price of $3.04 and a 200-day moving average price of $2.90. The stock’s market capitalization is $93.06 million.
In other Arotech Corp. news, Director Kenneth W. Cappell acquired 9,000 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were purchased at an average cost of $3.23 per share, with a total value of $29,070.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 17.30% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Cannell Capital LLC raised its position in Arotech Corp. by 198.9% in the third quarter. Cannell Capital LLC now owns 997,563 shares of the company’s stock worth $2,943,000 after buying an additional 663,828 shares during the period. EAM Investors LLC bought a new position in shares of Arotech Corp. during the second quarter valued at $1,337,000. Oxford Asset Management bought a new position in shares of Arotech Corp. during the second quarter valued at $971,000. Vanguard Group Inc. raised its position in shares of Arotech Corp. by 24.0% in the second quarter. Vanguard Group Inc. now owns 942,064 shares of the company’s stock valued at $2,647,000 after buying an additional 182,544 shares during the last quarter. Finally, Spark Investment Management LLC raised its position in shares of Arotech Corp. by 510.8% in the second quarter. Spark Investment Management LLC now owns 158,800 shares of the company’s stock valued at $446,000 after buying an additional 132,800 shares during the last quarter. 13.68% of the stock is currently owned by hedge funds and other institutional investors.
About Arotech Corp.