RADA Electronic Ind. (NASDAQ:RADA) Stock Crosses Above 200-Day Moving Average of $4.35

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RADA Electronic Ind. Ltd. (NASDAQ:RADA)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.35 and traded as high as $5.16. RADA Electronic Ind. shares last traded at $5.10, with a volume of 5,898 shares trading hands.

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

The company’s 50 day moving average price is $5.27 and its two-hundred day moving average price is $4.35.

RADA Electronic Ind. (NASDAQ:RADA) last issued its quarterly earnings data on Tuesday, November 19th. The aerospace company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). The company had revenue of $11.26 million for the quarter. RADA Electronic Ind. had a negative net margin of 4.75% and a negative return on equity of 3.77%.

A number of hedge funds have recently modified their holdings of RADA. Susquehanna International Group LLP increased its holdings in 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 valued at $74,000 after buying an additional 8,770 shares during the period. Virtu Financial LLC purchased a new position in RADA Electronic Ind. during the third quarter valued at approximately $119,000. Renaissance Technologies LLC increased its holdings in RADA Electronic Ind. by 532.2% during the second quarter. Renaissance Technologies LLC now owns 482,968 shares of the aerospace company’s stock valued at $1,589,000 after buying an additional 406,568 shares during the period. River & Mercantile Asset Management LLP purchased a new position in RADA Electronic Ind. during the second quarter valued at approximately $1,887,000. Finally, Phoenix Holdings Ltd. purchased a new position in RADA Electronic Ind. during the third quarter valued at approximately $13,635,000. 24.35% of the stock is currently owned by institutional investors.

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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