RADA Electronic Industries Ltd. found using ticker (RADA) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The target price ranges between 14 and 9 and has a mean target at 11.5. Given that the stocks previous close was at 8.97 this would imply there is a potential upside of 28.2%. The 50 day moving average now sits at 8.04 and the 200 day moving average is 6.88. The market capitalisation for the company is $417m. Company Website: http://www.rada.com
The potential market cap would be $534m based on the market concensus.
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RADA Electronic Industries Ltd. develops, manufactures, markets, and sells defense electronics to various air forces and companies worldwide. It offers military avionic systems, including flight data recorders for fighter aircraft; 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; avionics for unmanned aircraft vehicles (UAVs) comprising interface control processors, engine control computers, payload management computers, and others; and compact MEMS-based multiple-sensor aided inertial navigation systems (INS) for UAVs and backup INS for manned aircraft. In addition, it offers land-based tactical radars for defense forces and critical infrastructure protection solutions. The company has strategic relationships with Embraer S.A., Hindustan Aeronautics Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Rafael Advanced Defense Systems Ltd., Elbit Systems Ltd., Leonardo DRS, Ascent Vision Technologies, and Boeing Defense, Space & Security. RADA Electronic Industries Ltd. was founded in 1970 and is headquartered in Netanya, Israel.