Arotech Corporation is now up by 7.14% percent from yesterday’s close and has one of the biggest price gains of the day. So far 270,673 shares have been traded.
The stock is trading at $3.75 which is marginally over $3.42, the 50 day moving average and significantly above the 200 day moving average of $3.40. The 50 day moving average went up by +9.78% and the 200 day average went up by +10.33%.
Investors are feeling more bullish on shares of Arotech Corporation as shown by the fall in short interest. The firm recorded a fall in short interest of -7.64% between August 15, 2017 and August 31, 2017. Short shares decreased 109,581 over that period. The days to cover increased to 10.0 and the percentage of shorted shares is 0.05% as of August 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (ARTX). As of quarter end Ubs Group Ag had sold a total of 128 shares trimming its stake by 2.8%. The value of the company’s investment in Arotech Corporation went from $14,000 to $16,000 a change of $2,000 quarter over quarter. Ancora Advisors, LLC expanded its stake by buying 184,593 shares an increase of 738.4% in the quarter. Ancora Advisors, LLC owns 209,593 shares valued at $744,000. The total value of its holdings increased 905.4%.
Creative Planning reduced its ownership by shedding 585 shares a decrease of 49.4% from 03/31/2017 to 06/30/2017. Creative Planning now controls 600 shares with a value of $2,000. The value of the position overall is down by 33.3%. As of the end of the quarter Gsa Capital Partners Llp had acquired 85,100 shares growing its position 105.1%. The value of the investment in (ARTX) increased from $239,000 to $590,000 a change of 146.9% for the reporting period.
In the latest earnings report the EPS was $-0.11 and is estimated to be $0.18 for the current year with 26,216,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.07 and the next full year EPS is anticipated to be $0.31.
Arotech Corporation, launched on December 20, 1990, 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. The Business’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. The Business’s Power Systems Division provides battery solutions, energy management and power distribution technologies and product design and manufacturing services for the aerospace, defense, law enforcement, homeland security markets, and it manufactures and sells rechargeable batteries for defense and security products and medical and industrial applications..