In a research note that had previously been given a “sell” rating on Saturday, Bloomberg changed its recommendation for RADA Electronic Industries (NASDAQ: RADA), which had previously been given a “sell” rating, to a “hold” one. Before this revision, the recommendation had been to “sell.” RADA has been successful as of late in piquing the curiosity of several other brokerages, which is a positive development. The price target for RADA Electronic Industries was decreased by Alliance Global Partners in a research report published on Tuesday, May 10.
The new price goal is $13.00, a reduction from the previous price objective of $14.00. Additionally, Alliance Global Partners has positioned the company as having a “neutral” rating. In a report made available to the public on Friday, June 3, TheStreet downgraded RADA Electronic Industries from its previous grade of “b-” to “c+.” Finally, in a report distributed on Thursday, July 7, Canaccord Genuity Group lowered their price objective on RADA Electronic Industries from $17.00 to $15.00 and gave the company a “buy” rating. This was the final piece of recent news regarding the corporation, but it certainly was not the least important.
Two analysts have suggested that investors keep their current position in the company’s shares, while two other analysts have suggested that investors buy stock in the company. Two experts have recommended that investors keep their current position in the company’s shares. The information that MarketBeat gave indicates that the overall consensus for RADA Electronic Industries is that it is a “Moderate Buy,” and the average price target is $15.67. When trading was first initiated on Friday, the share price of RADA Electronic Industries was $10.41 per share. The cost of one share of stock is currently $12.05. This is its simple moving average over the past 200 days. Over the last fifty days, its simple moving average has been $10.20.
The company’s beta value is currently at 0.90, its P/E ratio is currently at 86.76, and its market capitalization is currently at $516.44 million. Recently, the stock market has seen significant participation from various hedge funds and institutional investors, who have been buying and selling shares. Congress Asset Management Co., MA made a new investment in RADA Electronic Industries during the year’s first three months. The value of this new investment was about $12,975,000 when coupled with the value of their previous investment in RADA Electronic Industries.
The investment portfolio managed by Monarch Partners Asset Management LLC had a 54.4% increase in the value of its assets in RADA Electronic Industries during the first quarter. As a result of purchasing an additional 163,094 shares during the preceding quarter, Monarch Partners Asset Management LLC now owns a total of 462,672 shares of the aerospace company’s stock, which has a value of $6,445,000. These shares were acquired during the most recent quarter. Qube Research and Technologies Ltd. invested in RADA Electronic Industries in the sum of $335,000 during the first three months of 2018. Meitav Dash Investments Ltd. raised its holdings in RADA Electronic Industries by 87.2% over the year’s first three months.
Meitav Dash Investments Ltd. now has 1,812,922 shares of the aerospace company’s stock, which are currently valued at $25,169,000. This is after the firm made an additional purchase of 844,317 shares during the most recent quarter. Last but certainly not least, during the first three months of 2018, Total Clarity Wealth Management Inc. increased the amount of RADA Electronic Industries shares it owned by an additional 30.3%. Total Clarity Wealth Management Inc. now holds 10,510 shares of the aerospace company’s stock, which is now valued at $146,000 after purchasing an additional 2,447 shares during the most recent quarter. Institutional investors currently own 60.03 percent of the company’s total shares outstanding.
RADA Electronic Industries Ltd. is a company that specializes in military technology. They design, manufacture, sell and distribute defense electronics to air forces and industries worldwide. It offers high-definition digital video/audio/data recorders for training aircraft; a selection of color video cameras with head-up displays for fighter aircraft; digital video/audio/data recorders; high-definition digital video/audio/data recorders for training aircraft; and several ground debriefing systems. It also has several color video cameras with head-up displays that are made to be used in aircraft for training pilots.
