Revenue Update on RADA Electronic Ind. Ltd.(NASDAQ:RADA)

RADA Electronic Ind. Ltd.(NASDAQ:RADA) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Intraday on Nov 28, 2016. Earnings per share were $-0.06.

RADA Electronic Ind. Ltd. (RADA) shares turned negative on Tuesdays trading session with the shares closing down -0.03 points or -2.56% at a volume of 75,746. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.1882. The peak price level was also seen at $1.1882 while the days lowest was $1.11. Finally the shares closed at $1.14. The 52-week high of the shares is $1.78 while the 52-week low is $0.54. According to the latest information available, the market cap of the company is $22 M.

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).

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