Arotech stock has been on the decline since Arotech Corp (NASDAQ:ARTX) posted its Q1 report earlier in May. Results fell behind analyst estimates, and this sent shares on a downward spiral. Now, shares have fallen over 26% and are currently selling for $2.12 USD.
Arotech Stock Q1 ReportArotech came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of $0.03 earnings. This is a considerable downturn from last year’s earnings per share of $0.05.
According to Zacks:
“This quarterly report represents an earnings surprise of -200%. ...
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