Rada Electronics Industries Limited (RADA) Trading Down 7.2%

Rada Electronics Industries Limited (NASDAQ:RADA) was down 7.2% during trading on Tuesday . The company traded as low as $2.67 and last traded at $2.83. Approximately 1,930,012 shares were traded during trading, an increase of 349% from the average daily volume of 430,136 shares. The stock had previously closed at $3.05.

Separately, ValuEngine raised Rada Electronics Industries Limited from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

The stock’s market capitalization is $63.41 million. The company has a 50 day moving average price of $2.42 and a 200-day moving average price of $1.65.

Rada Electronics Industries Limited (NASDAQ:RADA) last issued its quarterly earnings data on Thursday, August 10th. The aerospace company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $5.32 million during the quarter. Rada Electronics Industries Limited had a negative return on equity of 6.38% and a negative net margin of 3.41%. On average, analysts expect that Rada Electronics Industries Limited will post $1.00 EPS for the current fiscal year.

An institutional investor recently bought a new position in Rada Electronics Industries Limited stock. Analyst IMS Investment Management Services Ltd. acquired a new position in shares of Rada Electronics Industries Limited (NASDAQ:RADA) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 137,000 shares of the aerospace company’s stock, valued at approximately $247,000. Analyst IMS Investment Management Services Ltd. owned about 0.63% of Rada Electronics Industries Limited as of its most recent filing with the Securities & Exchange Commission. 0.92% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This story was first posted by BBNS and is the property of of BBNS. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://baseballnewssource.com/markets/rada-electronics-industries-limited-rada-trading-down-7-2/1590379.html.

Rada Electronics Industries Limited 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.

Receive News & Ratings for Rada Electronics Industries Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rada Electronics Industries Limited and related companies with our FREE daily email newsletter.

 


Latest News

Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Cleveland Indians Winning Streak Reaches 18
Cleveland Indians Winning Streak Reaches 18


Leave a Reply

 
© 2006-2017 BBNS.