NEW YORK (TheStreet) -- Shares of RADA Electronic Industries (RADA) were gaining 31.1% to $3.12 Thursday after the radar maker announced a ministry of defense selected its MHR-based tactical radars for its national alert system.
The radars will help the unnamed MOD detect short-range threats including mortars, rockets, and UAVs. The Israel-based company expects to deliver the tactical radars sometime in 2015.
"This is a major award of a radar program for RADA, which joins other strategic awards for radar programs during 2014," RADA Electronic Industries CEO Zvi Alon said in a statement. "We believe that additional leading countries and integrators will follow this selection."
Must Read: Warren Buffett's 25 Favorite Stocks
TheStreet Ratings team rates RADA ELECTRONIC INDS as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate RADA ELECTRONIC INDS (RADA) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: