Rada Electronics Industries Limited (RADA) Sees Large Volume Increase

Rada Electronics Industries Limited (NASDAQ:RADA) shares saw an uptick in trading volume on Friday . 1,025,524 shares traded hands during trading, an increase of 74% from the previous session’s volume of 589,609 shares.The stock last traded at $3.43 and had previously closed at $3.31.

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

The company’s market cap is $74.70 million. The stock has a 50-day moving average of $3.06 and a 200 day moving average of $1.94.

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

An institutional investor recently bought a new position in Rada Electronics Industries Limited stock. Analyst IMS Investment Management Services Ltd. purchased a new position in shares of Rada Electronics Industries Limited (NASDAQ:RADA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 137,000 shares of the aerospace company’s stock, valued at approximately $247,000. Analyst IMS Investment Management Services Ltd. owned approximately 0.63% of Rada Electronics Industries Limited at the end of the most recent quarter. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

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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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