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.” Prior to this review, the recommendation was to “sell”. RADA has recently managed to pique the curiosity of several other brokerages, which is a positive development. The price target for RADA Electronic Industries was lowered by Alliance Global Partners in a research report published on Tuesday, May 10.
The new price target is $13.00, a reduction from the previous price target of $14.00. Additionally, Alliance Global Partners has positioned the company as having a “neutral” rating. In a report made publicly available on Friday, June 3, TheStreet downgraded RADA Electronic Industries from its former grade of “b-” to “c+”. Finally, in a report released Thursday, July 7, Canaccord Genuity Group lowered its price target on RADA Electronic Industries from $17.00 to $15.00 and assigned the company a “Buy” rating. That was the latest recent news from the company, but it certainly wasn’t the least important.
Two analysts suggested investors keep their current position in the company’s stock, while two other analysts suggested investors buy the company’s stock. Two experts advised investors to keep their current position in the company’s stock. Information provided by MarketBeat indicates that the general consensus for RADA Electronic Industries is that it is a “moderate buy” and that the average price target is $15.67. When trading first opened on Friday, RADA Electronic Industries’ stock price was $10.41 per share. The cost of one share is currently $12.05. This is its simple moving average over the past 200 days. Over the past fifty days, its simple moving average has been $10.20.
The company’s beta value is currently 0.90, its P/E ratio is currently 86.76, and its market capitalization is currently $516.44 million. Recently, the stock market has seen significant participation from various hedge funds and institutional investors, who have been buying and selling stocks. Congress Asset Management Co., MA made a new investment in RADA Electronic Industries during the first three months of the year. The value of this new investment was approximately $12,975,000 when combined with the value of their previous investment in RADA Electronic Industries.
The investment portfolio managed by Monarch Partners Asset Management LLC recorded a 54.4% increase in the value of its assets in RADA Electronic Industries during the first quarter. Following the purchase of an additional 163,094 shares in the previous quarter, Monarch Partners Asset Management LLC now owns a total of 462,672 shares of the aerospace company, worth $6,445,000. These shares were acquired during the last quarter. Qube Research and Technologies Ltd. invested in RADA Electronic Industries for the sum of $335,000 during the first three months of 2018. Meitav Dash Investments Ltd. increased its stake in RADA Electronic Industries by 87.2% in the first three months of the year.
Meitav Dash Investments Ltd. now owns 1,812,922 shares of the aerospace company, which are currently valued at $25,169,000. This is after the company made an additional purchase of 844,317 shares in the last quarter. Last but not least, in the first three months of 2018, Total Clarity Wealth Management Inc. increased the number of RADA Electronic Industries shares it held by an additional 30.3%. Total Clarity Wealth Management Inc. now owns 10,510 shares of the aerospace company, which is now valued at $146,000 after buying 2,447 additional shares in the last quarter. Institutional investors currently own 60.03% of the company’s total outstanding shares.
RADA Electronic Industries Ltd. is a company specializing 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 jets; 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 designed for use in aircraft for pilot training.