Boston, MA 05/30/2013 (wallstreetpr) – The share prices of Arotech Corporation (NASDAQ:ARTX) had increased by more than 50 percent for the last trading session. The shares of the defense and security products and services company had closed at $1.89 per share, which was observed to be 52.42 percent higher than the previous closing price. The shares of Arotech Corporation (NASDAQ:ARTX) had been trading in the range of $1.24 to $1.93 per share during the day.
Arotech Corporation (NASDAQ:ARTX) operates its business in three major defense and security areas. The business segments of the company include interactive simulation for military, law enforcement and commercial markets, batteries and charging systems for the military. The company is involved in providing simulations, systems engineering and software solutions to the military, government and private industrial users in the United States.
With the increase in share prices of Arotech Corporation (NASDAQ:ARTX) by more than 50 percent, the company had recorded new 52 week high price level at $1.93 per share by the last trading session, while the 52 week low price level of the company is at $0.71 per share. Further, Arotech Corporation (NASDAQ:ARTX) also witnessed heavy trading volume for the last trading day with nearly798,933 shares being exchanged hands during the day, while the average trading volume for the company is at 20,974 shares per day.
Arotech Corporation (NASDAQ:ARTX) presently holds 16.25 million shares outstanding and the institutional ownership in the company is at 6 percent of the holdings. The market capitalization of the company is presently at $30.72 million.
