Rada Electronics Industries Limited (RADA) has been under a strong bear grip, hence the stock is down -8.45% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.15% in the past 1 week. The stock has risen by 4.59% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.18% in the past 4 weeks.
Rada Electronics Industries Limited (NASDAQ:RADA): The stock opened at $0.65 on Friday but the bulls could not build on the opening and the stock topped out at $0.66 for the day. The stock traded down to $0.61 during the day, due to lack of any buying support eventually closed down at $0.64 with a loss of -0.31% for the day. The stock had closed at $0.64 on the previous day. The total traded volume was 25,871 shares.
The stock has recorded a 20-day Moving Average of 4.29% and the 50-Day Moving Average is 5.58%. RADA Electronic Industries Ltd. is up 72.43% in the last 3-month period. Year-to-Date the stock performance stands at 79.72%.
RADA Electronic Industries Ltd. is a defense electronics contractor. The Company is a global aviation and defense company. It specializes in the development, manufacturing, marketing and sales of military avionics systems for manned and unmanned aircraft, inertial navigation systems (INS) for air and land platforms, and tactical land radars for force and border protection applications. It develops manufactures and sells defense electronics, including, avionics solutions (including avionics for unmanned aerial vehicles), airborne data/video recording and management systems, INS and tactical land radars for defense forces and border protection systems. It primarily provides integrated solutions and its product lines are Military avionics (data/video recorders, core avionics for aircraft and unmanned aerial vehicles); INS for aerial and land platforms, and Tactical Radars for defense forces and border protection systems (land based).