It is currently trading at $4.05 which is marginally over the 50 day moving average of $3.86 and significantly above the 200 day moving average of $3.53. The 50 day moving average moved up $0.19 whereas the 200 day moving average was up $0.52 or +14.75%. (NASDAQ:ARTX) shares saw light trading volume with 241K shares changing hands by the end of trading on Tuesday. Volume was down 27.14% under the stocks average daily volume.
Investors are feeling more bullish on Arotech Corporation as indicated by the motion in short interest. The company realized a fall in short interest from September 15, 2017 to September 29, 2017 of -1.29%. Short interest decreased 16,151 over that period. With short interest at 1,233,119 and short average daily volume at 505,779, the short-interest ratio is 2.0 and the percentage of shorted shares is 0.05% as of September 29.
These firms have modified their investment in ARTX. Creative Planning reduced its investment by selling 585 shares a decrease of 49.4% as of 06/30/2017. Creative Planning currently owns 600 shares worth $2,000. The value of the position overall is down by 33.3%. Ancora Advisors, LLC augmented its ownership by buying 184,593 shares an increase of 738.4% from 03/31/2017 to 06/30/2017. Ancora Advisors, LLC claims 209,593 shares valued at $744,000. The total value of its holdings increased 905.4%.
Ubs Group Ag trimmed its holdings by selling 128 shares a decrease of 2.8% in the quarter. Ubs Group Ag now controls 4,514 shares with a value of $16,000. The total value of its holdings increased 14.3%. As of the end of the quarter Cutler Group LP had sold 1,400 shares trimming its holdings by 87.3%. The value of the investment in ARTX decreased from $5,000 to $0 a change of 100.0% quarter over quarter.
As of the last earnings report the EPS was $-0.11 and is projected to be $0.18 for the current year with 26,216,000 shares now outstanding. Next quarter’s EPS is forecasted at $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..