RADA Electronic Industries Ltd., a defense technology company, develops, manufactures, markets, and sells defense electronics to various air forces and companies worldwide. It offers digital video/audio/data recorders; 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. The company also provides avionics solutions, such as mission data recorders and debriefing solutions and HUD video cameras; and avionics for unmanned aircraft vehicles (UAVs) comprising interface control processors, engine control computers, payload management computers, and others. In addition, it offers land-based tactical radars for defense forces, critical infrastructure protection, border surveillance, active military protection, and counter-drone applications. The company was incorporated in 1970 and is headquartered in Netanya, Israel.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on RADA. Alliance Global Partners reduced their price target on shares of RADA Electronic Industries from $14.00 to $13.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 10th. Canaccord Genuity Group cut their target price on shares of RADA Electronic Industries from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, July 7th. Finally, TheStreet cut shares of RADA Electronic Industries from a "b-" rating to a "c+" rating in a report on Friday, June 3rd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, RADA Electronic Industries has a consensus rating of "Moderate Buy" and a consensus price target of $15.67.
RADA Electronic Industries Price Performance
Shares of NASDAQ:RADA opened at $10.70 on Friday. RADA Electronic Industries has a 52 week low of $7.51 and a 52 week high of $16.70. The company has a current ratio of 4.44, a quick ratio of 2.81 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $530.83 million, a P/E ratio of 26.10 and a beta of 0.90. The firm's 50 day moving average is $10.37 and its two-hundred day moving average is $12.01.