Lawrence F. Hagenbuch Buys 4,100 Shares of Arotech Corp. (ARTX) Stock
Arotech Corp. (NASDAQ:ARTX) Director Lawrence F. Hagenbuch purchased 4,100 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was bought at an average cost of $3.19 per share, with a total value of $13,079.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Arotech Corp. (NASDAQ:ARTX) opened at 3.25 on Wednesday. Arotech Corp. has a 52 week low of $1.46 and a 52 week high of $4.13. The firm’s market cap is $82.49 million. The firm’s 50-day moving average is $2.97 and its 200 day moving average is $2.91.
Several large investors have recently bought and sold shares of ARTX. Northern Trust Corp increased its stake in Arotech Corp. by 0.3% in the third quarter. Northern Trust Corp now owns 41,856 shares of the company’s stock valued at $124,000 after buying an additional 128 shares during the last quarter. TFS Capital LLC bought a new stake in shares of Arotech Corp. during the second quarter valued at $138,000. Spark Investment Management LLC increased its stake in shares of Arotech Corp. by 510.8% in the second quarter. Spark Investment Management LLC now owns 158,800 shares of the company’s stock valued at $446,000 after buying an additional 132,800 shares in the last quarter. Cannell Capital LLC bought a new stake in shares of Arotech Corp. during the second quarter valued at $938,000. Finally, Oxford Asset Management bought a new stake in shares of Arotech Corp. during the second quarter valued at $971,000. 15.89% of the stock is owned by institutional investors and hedge funds.
ARTX has been the subject of several recent analyst reports. B. Riley reissued a “buy” rating and issued a $4.50 price target on shares of Arotech Corp. in a report on Tuesday, August 9th. Zacks Investment Research raised shares of Arotech Corp. from a “hold” rating to a “strong-buy” rating and set a $3.75 price target for the company in a report on Friday, November 11th.
About Arotech Corp.
Arotech Corporation 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.
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