RADA Electronic Industries (NASDAQ:RADA) Shares Gap Up to $13.06


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RADA Electronic Industries Ltd. (NASDAQ:RADA)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $13.06, but opened at $13.46. RADA Electronic Industries shares last traded at $13.40, with a volume of 2,082 shares traded.

Several research analysts have recently issued reports on RADA shares. Zacks Investment Research cut RADA Electronic Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, February 24th. Robert W. Baird assumed coverage on RADA Electronic Industries in a research note on Tuesday, March 23rd. They set an “outperform” rating and a $17.00 target price for the company. Alliance Global Partners reaffirmed a “buy” rating and set a $19.00 target price (up from $14.00) on shares of RADA Electronic Industries in a report on Wednesday, February 10th. Canaccord Genuity upped their target price on RADA Electronic Industries from $15.00 to $16.00 and gave the company a “buy” rating in a report on Monday, March 8th. Finally, Jefferies Financial Group initiated coverage on RADA Electronic Industries in a research note on Monday, March 15th. They set a “buy” rating and a $16.00 price target for the company. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. RADA Electronic Industries presently has an average rating of “Buy” and a consensus target price of $15.80.

The stock has a 50 day moving average price of $12.61 and a two-hundred day moving average price of $9.54. The company has a market capitalization of $673.25 million, a PE ratio of 217.67 and a beta of 1.09.

RADA Electronic Industries (NASDAQ:RADA) last issued its quarterly earnings data on Tuesday, February 9th. The aerospace company reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. The business had revenue of $23.28 million for the quarter. RADA Electronic Industries had a return on equity of 4.66% and a net margin of 4.02%. Equities research analysts anticipate that RADA Electronic Industries Ltd. will post 0.17 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of RADA. Lazard Asset Management LLC acquired a new stake in RADA Electronic Industries in the 4th quarter valued at approximately $59,000. Wells Fargo & Company MN grew its holdings in RADA Electronic Industries by 75.0% in the 4th quarter. Wells Fargo & Company MN now owns 7,000 shares of the aerospace company’s stock valued at $68,000 after buying an additional 3,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in RADA Electronic Industries in the 4th quarter valued at approximately $114,000. Jane Street Group LLC acquired a new stake in RADA Electronic Industries in the 3rd quarter valued at approximately $73,000. Finally, Sigma Planning Corp acquired a new stake in RADA Electronic Industries in the 4th quarter valued at approximately $122,000. 33.03% of the stock is currently owned by institutional investors and hedge funds.

About RADA Electronic Industries (NASDAQ:RADA)

RADA Electronic Industries Ltd., a defense technology company, develops, manufactures, markets, and sells defense electronics to various air forces and companies worldwide. It offers military avionic systems, including flight data recorders for fighter aircraft; digital video/audio/data recorders; high definition digital video/audio/data recording for fighter and trainer aircrafts; a range of head-up-displays color video cameras for fighter aircraft; and various ground debriefing solutions.

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