Arotech Co. (NASDAQ:ARTX) saw a large growth in short interest in June. As of June 30th, there was short interest totalling 192,100 shares, a growth of 8.0% from the May 30th total of 177,800 shares. Based on an average daily trading volume, of 96,100 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.8% of the shares of the company are sold short.
A number of institutional investors and hedge funds have recently made changes to their positions in ARTX. Delek Group Ltd. purchased a new stake in shares of Arotech during the 1st quarter valued at approximately $153,000. O Shaughnessy Asset Management LLC bought a new position in shares of Arotech during the 1st quarter valued at $78,000. Acadian Asset Management LLC grew its holdings in shares of Arotech by 141.0% during the 1st quarter. Acadian Asset Management LLC now owns 87,295 shares of the aerospace company’s stock valued at $256,000 after purchasing an additional 51,067 shares during the last quarter. Buckingham Asset Management LLC purchased a new stake in Arotech during the 1st quarter valued at $102,000. Finally, Virtu Financial LLC purchased a new stake in Arotech during the 1st quarter valued at $63,000. 32.69% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:ARTX traded up $0.09 during trading on Monday, reaching $1.95. The company had a trading volume of 160,900 shares, compared to its average volume of 103,533. The company has a fifty day moving average price of $1.93. The stock has a market cap of $50.14 million, a PE ratio of 12.19 and a beta of 1.39. Arotech has a 12 month low of $1.61 and a 12 month high of $4.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.81 and a quick ratio of 1.50.
Arotech (NASDAQ:ARTX) last released its earnings results on Wednesday, May 8th. The aerospace company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.06). The business had revenue of $20.78 million for the quarter, compared to the consensus estimate of $24.10 million. Arotech had a negative net margin of 0.15% and a positive return on equity of 2.60%. As a group, equities research analysts predict that Arotech will post 0.12 EPS for the current year.
A number of analysts recently weighed in on the stock. ValuEngine raised shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 4th. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, TheStreet lowered shares of Wayside Technology Group from a “b-” rating to a “c” rating in a report on Wednesday, May 22nd.
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.