RADA Electronic Industries Ltd. (RADA) lost ground during morning trading on April 21 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the industrial goods sector halfway through the trading day. At the lunch break, shares of RADA have fallen 6.1% to $1.07 after closing the day prior at $1.14. So far, the stock has traded as high as $1.15 and as low as $1.07. Today’s decline has come with about 5,670 shares changing hands, compared to an average 30-day volume of 92,972 for RADA Electronic Industries Ltd.. The price is currently below the 30-day volume weighted average price of $1.11 for RADA.
The share depreciation gives the company a market capitalization of $24.83 million based upon 21.78 million shares outstanding. It also means that RADA has a price-to-book ratio of 2.26:1.
In the past 52 weeks, shares of RADA have traded as low as $0.72 and as high as $1.78. Technical traders will take note that at $1.07, shares of RADA are trading below their 200-day MA at $1.19 and below their 50-day MA at $1.18. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is RADA?
Rada Electronics Industries Ltd develops, manufactures & sells defense electronics including, avionics solutions, airborne data/video recording & management systems, inertial navigation systems & land radars for defense forces & border protection systems. The company’s 93 employees are led by CEO Dov Sella from the corporate headquarters at 7 Giborei Israel Street in Netanya, .
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