RADA Electronic Ind. (NASDAQ:RADA) Trading Up 7%

Shares of RADA Electronic Ind. Ltd. (NASDAQ:RADA) were up 7% on Thursday . The stock traded as high as $5.05 and last traded at $5.05, approximately 260,398 shares changed hands during trading. An increase of 88% from the average daily volume of 138,498 shares. The stock had previously closed at $4.72.

Several research analysts have recently weighed in on RADA shares. ValuEngine downgraded RADA Electronic Ind. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Alliance Global Partners reaffirmed a “buy” rating and set a $7.50 target price (up from $6.50) on shares of RADA Electronic Ind. in a research note on Thursday, September 19th.

The company has a 50 day moving average price of $4.94 and a two-hundred day moving average price of $3.83.

RADA Electronic Ind. (NASDAQ:RADA) last announced its earnings results on Wednesday, August 21st. The aerospace company reported ($0.01) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). RADA Electronic Ind. had a negative return on equity of 2.16% and a negative net margin of 3.39%. The business had revenue of $10.03 million during the quarter.

Institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP increased its position in shares of RADA Electronic Ind. by 66.6% during the second quarter. Susquehanna International Group LLP now owns 21,933 shares of the aerospace company’s stock worth $74,000 after purchasing an additional 8,770 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of RADA Electronic Ind. by 532.2% during the second quarter. Renaissance Technologies LLC now owns 482,968 shares of the aerospace company’s stock worth $1,589,000 after purchasing an additional 406,568 shares in the last quarter. Finally, River & Mercantile Asset Management LLP purchased a new stake in shares of RADA Electronic Ind. during the second quarter worth approximately $1,887,000. Hedge funds and other institutional investors own 12.54% of the company’s stock.

RADA Electronic Ind. Company Profile (NASDAQ:RADA)

RADA Electronic Industries Ltd. develops, manufactures, markets, and sells defense electronics to various air forces and companies worldwide. The company offers military avionics systems, including flight data recorders for fighter aircraft; digital video/audio/data recorders with data transfer functions; high-rate data recorders for aircraft and airborne pods; video recorders and airborne data servers; high definition digital video/audio/data recording for fighter and trainer aircrafts; a range of head-up-displays color video cameras for fighter aircraft; and various ground debriefing solutions.

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