Rada Electronics Industries Limited (NASDAQ:RADA) shares traded down 3.7% during trading on Tuesday . The company traded as low as $2.55 and last traded at $3.10. 234,300 shares changed hands during trading, a decline of 32% from the average session volume of 344,424 shares. The stock had previously closed at $3.22.
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 has a debt-to-equity ratio of 0.24, a current ratio of 3.00 and a quick ratio of 1.73.
Several institutional investors have recently modified their holdings of RADA. Essex Investment Management Co. LLC bought a new position in shares of Rada Electronics Industries Limited in the third quarter worth approximately $493,000. Analyst IMS Investment Management Services Ltd. bought a new position in shares of Rada Electronics Industries Limited in the second quarter worth approximately $247,000. Finally, Commonwealth Equity Services Inc bought a new position in shares of Rada Electronics Industries Limited in the third quarter worth approximately $149,000. Hedge funds and other institutional investors own 1.49% 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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