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Arotech Slumps: ARTX Falls 12.5% in Session

Zacks Equity Research

Arotech Corporation (ARTX) saw a big move last session, as the company's shares fell by nearly about 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $3.74–$6.25 in the past one-month time frame, showed a sharp decline yesterday at $5.44.

This provider of defence and security products has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

Arotech currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.0%.

Some better-ranked stocks in the same sector include L-3 Communications Holdings Inc. (LLL), Raytheon Co. (RTN) and Lockheed Martin Corporation (LMT). All these stocks carry a Zacks Rank #2 (Buy).

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AROTECH CORP (ARTX): Free Stock Analysis Report

L 3 COMMUNICATIONS HLDGS (LLL): Free Stock Analysis Report

RAYTHEON CO (RTN): Free Stock Analysis Report

LOCKHEED MARTIN CORP (LMT): Free Stock Analysis Report

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