RADA Electronic Ind. Ltd. (NASDAQ:RADA) shares were up 0% during trading on Wednesday . The company traded as high as $2.89 and last traded at $2.82. Approximately 1,301,286 shares were traded during mid-day trading, an increase of 131% from the average daily volume of 564,291 shares. The stock had previously closed at $2.82.
Separately, TheStreet raised RADA Electronic Ind. from a “d+” rating to a “c” rating in a research note on Wednesday, November 29th.
The company has a market capitalization of $86.05, a P/E ratio of 70.52 and a beta of 0.27.
A hedge fund recently bought a new stake in RADA Electronic Ind. stock. Essex Investment Management Co. LLC bought a new stake in RADA Electronic Ind. Ltd. (NASDAQ:RADA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 144,552 shares of the aerospace company’s stock, valued at approximately $493,000. Essex Investment Management Co. LLC owned about 0.48% of RADA Electronic Ind. as of its most recent SEC filing. 4.53% of the stock is owned by institutional investors.
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About RADA Electronic Ind.
RADA Electronic Industries Ltd. is an aviation and defense company. The Company develops, manufactures and sells defense electronics, including, avionics solutions (including avionics for unmanned aerial vehicles (UAVs)), airborne data/video recording and management systems, inertial navigation systems and tactical land radars for defense forces and border protection systems.
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