Boston, MA 06/07/2013 (wallstreetpr) – Arotech Corporation (NASDAQ:ARTX) in the previous trading session closed at $1.40 after going down by $0.13 (-8.50%) which closed at $1.53 in the previous trading session of Wednesday. The stock opened its day at $1.54 and hit the day’s low at $1.40 and the day’s high at $1.55. The volume in the previous trading session was close to 0.061 million which was lower than the average volume of 0.066 million shares measured over 1 month period. The relative volume of the stock is 1.46 which is the ratio of current volume and the average volume of the three months. The short float on the total floated shares is about 0.02% while the short ratio is about 0.06. The beta of the stock is about 1.64 which implies that the asset is moving in the same direction as the index but more than the movement of benchmark.
Arotech Corporation is a security and defence services and products company which is engaged in three business areas that is charging and battery system for the military, commercial markets and law enforcements and last but not the least, interaction simulation for military. It primarily operates through its variety of subsidiaries which the company has divided into two divisions. It produces and sells Zinc air and lithium batteries for security and defence products. It manufactures software and system engineering products and simulators to the united nations of America military, private industry and government. Its subsidiary, Electric Fuel Battery Corporation, which is located in Alabama, develops zinc air batteries and their chargers for the military.
