Arotech Co. (NASDAQ:ARTX) Chairman Jon B. Kutler bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average cost of $2.94 per share, for a total transaction of $14,700.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Jon B. Kutler also recently made the following trade(s):
- On Friday, March 8th, Jon B. Kutler bought 9,984 shares of Arotech stock. The shares were bought at an average cost of $3.01 per share, for a total transaction of $30,051.84.
Arotech stock opened at $2.93 on Friday. The stock has a market cap of $80.66 million, a P/E ratio of 18.31 and a beta of 1.44. Arotech Co. has a 52 week low of $2.37 and a 52 week high of $4.15. The company has a current ratio of 1.97, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.
Institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp grew its holdings in Arotech by 49.4% in the fourth quarter. Van ECK Associates Corp now owns 13,153 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 4,352 shares during the period. Marshall Wace LLP acquired a new stake in Arotech in the third quarter valued at approximately $55,000. Shepherd Kaplan Krochuk LLC acquired a new stake in Arotech in the fourth quarter valued at approximately $54,000. Acadian Asset Management LLC grew its holdings in Arotech by 31.7% in the fourth quarter. Acadian Asset Management LLC now owns 36,228 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 8,729 shares during the period. Finally, First Wilshire Securities Management Inc. acquired a new stake in Arotech in the third quarter valued at approximately $279,000. 31.13% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised Arotech from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Monday, January 28th.
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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.
See Also: Average Daily Trade Volume – ADTV
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