RADA Electronic Ind. Ltd. (NASDAQ:RADA) traded up 6.2% during mid-day trading on Wednesday . The stock traded as high as $3.86 and last traded at $3.59. 2,173,100 shares changed hands during trading, an increase of 510% from the average session volume of 356,024 shares. The stock had previously closed at $3.38.

Several equities research analysts recently issued reports on the company. ValuEngine raised RADA Electronic Ind. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. TheStreet raised RADA Electronic Ind. from a “d+” rating to a “c” rating in a research report on Wednesday, November 29th.

The company has a market cap of $101.34, a PE ratio of 84.50 and a beta of 0.27.

Several institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth Equity Services Inc acquired a new position in shares of RADA Electronic Ind. during the third quarter valued at $149,000. Essex Investment Management Co. LLC acquired a new position in shares of RADA Electronic Ind. during the third quarter valued at $493,000. Finally, Analyst IMS Investment Management Services Ltd. acquired a new position in shares of RADA Electronic Ind. during the second quarter valued at $247,000. 4.53% of the stock is currently owned by institutional investors.

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RADA Electronic Ind. Company Profile

RADA Electronic Industries Ltd. is an aviation and defense company. The Company develops, manufactures and sells defense electronics, including, avionics solutions (including avionics for unmanned aerial vehicles (UAVs)), airborne data/video recording and management systems, inertial navigation systems and tactical land radars for defense forces and border protection systems.

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