Shares of Rada Electronic Industries Ltd. (NASDAQ: RADA), an
aircraft & parts manufacturer, saw a strong upward share price swing of
more than 19% during each of the past two consecutive trading sessions. During the last trading session, RADA was the top performer in the U.S. industrials sector skyrocketing 137% and closed at its 52-week high of $5.97 while recording significant volumes of 39.6 million shares. During the past 5-trading sessions, RADA gained 306.1% while recording daily average trading volumes of 3.2 million shares, while the stock accumulated over 314.5% in the past one-month with daily average trading volume of 58,603 shares. The stock is up 311.7% year-to-date.
Recently, RADA reported that its second quarter revenues increased 23% to $6.4 million over the same period last year, while the revenues during the first half of 2014 were $11.8 million, up 11% from same period last year. For the quarter, the company reported net income of $0.39 million or 4 cents per share from the earlier loss of $0.94 million or 10 cents per share in the same quarter prior year. For the six months ended on June 30, 2014, the net income came at $0.54 million or 6 cents per share from the loss of $2.1 million or 23 cents per share for the comparable period in 2013.
Company Description:
Rada Electronic Industries Ltd (NASDAQ: RADA) develops, produces, and markets automatic test equipment and avionics systems. The company sells its systems to the civil and military aircraft industries.
1-Year Stock Chart:
Source: Bloomberg
