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.
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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.
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