RADA Electronic Industries (NASDAQ:RADA) had its price objective trimmed by Canaccord Genuity Group from $16.00 to $14.00 in a report published on Wednesday, Stock Target Advisor reports. The brokerage currently has a buy rating on the aerospace company’s stock.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered RADA Electronic Industries from a buy rating to a hold rating in a research report on Saturday, January 8th. Canaccord Genuity Group cut their price target on RADA Electronic Industries from $16.00 to $14.00 and set a buy rating on the stock in a research note on Wednesday. Finally, Alliance Global Partners cut their price target on RADA Electronic Industries from $16.00 to $14.00 in a research note on Thursday, January 6th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of $14.57.
Shares of NASDAQ:RADA opened at $9.39 on Wednesday. RADA Electronic Industries has a 52-week low of $8.20 and a 52-week high of $14.80. The firm has a market capitalization of $462.55 million, a P/E ratio of 20.41 and a beta of 0.96. The stock has a 50 day moving average price of $9.63 and a 200-day moving average price of $10.69.
Institutional investors and hedge funds have recently modified their holdings of the business. Total Clarity Wealth Management Inc. purchased a new stake in RADA Electronic Industries during the 3rd quarter valued at $76,000. Lazard Asset Management LLC boosted its stake in RADA Electronic Industries by 45.6% during the 2nd quarter. Lazard Asset Management LLC now owns 8,934 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 2,798 shares during the last quarter. Barclays PLC boosted its stake in RADA Electronic Industries by 63.0% during the 3rd quarter. Barclays PLC now owns 16,198 shares of the aerospace company’s stock valued at $172,000 after purchasing an additional 6,263 shares during the last quarter. PDT Partners LLC purchased a new stake in RADA Electronic Industries during the 2nd quarter valued at $183,000. Finally, Van ECK Associates Corp boosted its stake in RADA Electronic Industries by 87.0% during the 2nd quarter. Van ECK Associates Corp now owns 17,756 shares of the aerospace company’s stock valued at $216,000 after purchasing an additional 8,261 shares during the last quarter. Institutional investors and hedge funds own 55.47% of the company’s stock.
About RADA Electronic Industries
Rada Electronic Industries Ltd. Operates as a defense technology company. It develops, manufactures and sells defense electronics, including avionics solutions (including avionics for unmanned aerial vehicles and airborne inertial navigation systems), airborne data/video recording and management systems and tactical land-based radars for defense forces and for border protection systems.
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