B.Riley FBR Remains a Buy on Arotech Corp


In a report released yesterday, Mike Crawford from B.Riley FBR maintained a Buy rating on Arotech Corp (NASDAQ: ARTX), with a price target of $4.50. The company’s shares opened today at $3.35.

Crawford said:

“We will update our projections and publish our new model after Arotech’s earnings call on 5/10.”

According to TipRanks.com, Crawford is a 4-star analyst with an average return of 7.0% and a 53.8% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as CPI Aerostructures, Finjan Holdings, and Kratos Defense.

Arotech Corp has an analyst consensus of Moderate Buy, with a price target consensus of $4.50.

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Based on Arotech Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $4.41 million. In comparison, last year the company had a GAAP net loss of $768.3K.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARTX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Arotech Corp. is a defense and security company. The company operates through two divisions: Training & Simulation Division and Power Systems Division.

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