Revenue Update on Arotech Corporation(NASDAQ:ARTX)

Arotech Corporation(NASDAQ:ARTX) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $21.489M. Analysts estimated a revenue of $25.900M. The revenues were -17.03% below the estimates. Earnings per share were $0.01. The reported EPS was below estimates by -50%. Analysts had estimated an EPS of $0.02.

Arotech Corporation (ARTX) remained unchanged at the close of Friday session. Even as the volume increased to 8,03,925 ,the shares failed to make any impression and ended at 0 points or 0.00% at $3.05. The trading session commenced at $3.1 and the stock hit a high of $3.15 and touched $3 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $5 and the 52-week low is $2.25. The company has a market cap of $81 M and has approximately 2,64,38,224 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Nov 21, 2016, Kenneth W Cappell (director) purchased 9,000 shares at $3.27 per share price.Also, On Nov 14, 2016, Lawrence F Hagenbuch (director) purchased 4,100 shares at $3.18 per share price.On Jun 18, 2015, Steven D Esses (President and CEO) sold 300 shares at $3.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Arotech Corporation is a defense and security products and services company engaged in providing interactive simulation for military law enforcement and commercial markets and power systems and batteries for the military commercial and medical markets. The Company operates in two divisions: Training and Simulation Division and Power Systems Division. The Company’s Training and Simulation Division develops manufactures and markets multimedia and interactive digital solutions for use-of-force training and driving training of military law enforcement security emergency services and other personnel. The Company’s Power Systems Division provides battery solutions energy management and power distribution technologies and product design and manufacturing services for the aerospace defense law enforcement homeland security and medical markets and manufactures and sells lithium and Zinc-Air batteries for defense and security products.

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