Rada Electronics Industries Limited (RADA) Trading Up 10.1%

Rada Electronics Industries Limited (NASDAQ:RADA) shares were up 10.1% during mid-day trading on Friday . The stock traded as high as $3.09 and last traded at $3.06. Approximately 598,945 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 450,195 shares. The stock had previously closed at $2.78.

Separately, ValuEngine raised Rada Electronics Industries Limited from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

The stock has a 50-day moving average of $2.56 and a 200 day moving average of $1.72. The stock’s market cap is $67.85 million.

Rada Electronics Industries Limited (NASDAQ:RADA) last announced its quarterly earnings data on Thursday, August 10th. The aerospace company reported $0.02 earnings per share for the quarter. The business had revenue of $5.32 million for the quarter. Rada Electronics Industries Limited had a negative return on equity of 6.38% and a negative net margin of 3.41%. Equities analysts anticipate 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 stake in Rada Electronics Industries Limited (NASDAQ:RADA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 137,000 shares of the aerospace company’s stock, valued at approximately $247,000. Analyst IMS Investment Management Services Ltd. owned 0.63% of Rada Electronics Industries Limited as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.92% of the company’s stock.

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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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