RADA Electronic Ind. (NASDAQ:RADA) issued its quarterly earnings results on Wednesday. The aerospace company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01), Morningstar.com reports. RADA Electronic Ind. had a negative net margin of 3.39% and a negative return on equity of 2.21%. The company had revenue of $10.03 million during the quarter. RADA Electronic Ind. updated its FY 2019 guidance to EPS.
Shares of RADA stock opened at $4.77 on Friday. RADA Electronic Ind. has a 52 week low of $2.50 and a 52 week high of $5.05. The firm has a 50 day moving average of $3.66 and a two-hundred day moving average of $3.30.
Separately, ValuEngine cut shares of RADA Electronic Ind. from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.
A number of hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP boosted its position in RADA Electronic Ind. by 66.6% in the 2nd 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. Delek Group Ltd. lifted its position in shares of RADA Electronic Ind. by 3.7% during the 1st quarter. Delek Group Ltd. now owns 1,365,816 shares of the aerospace company’s stock worth $3,996,000 after purchasing an additional 48,733 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of RADA Electronic Ind. by 532.2% during the 2nd 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 during the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of RADA Electronic Ind. during the 2nd quarter worth $1,887,000. 7.38% of the stock is owned by institutional investors.
RADA Electronic Ind. Company Profile
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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