The company announced Monday that its Battery and Power Systems division received a follow-on order of $3.5 million from one of its existing customers. The order was for batteries and chargers for tactical communication systems and thermal imaging systems.
"Our battery division has had an excellent start to 2014 and we are very pleased with this significant order," Arotech Chairman and CEO Robert S. Ehrlich said in a press release.
Must read: 5 Stocks Under $10 Set to Soar
TheStreet Ratings team rates AROTECH CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about its recommendation:
"We rate AROTECH CORP (ARTX) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."
Highlights from the analysis by TheStreet Ratings Team goes as follows: