ARC Group Worldwide, Inc. (NASDAQ:ARCW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, July 18th.
ARCW has been the topic of a number of other research reports. ValuEngine raised shares of ARC Group Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Imperial Capital reaffirmed an “in-line” rating and set a $4.50 target price on shares of ARC Group Worldwide in a research note on Wednesday, April 12th.
Shares of ARC Group Worldwide (ARCW) traded up 1.79% during midday trading on Tuesday, reaching $2.85. 5,631 shares of the company’s stock traded hands. The firm’s market cap is $51.79 million. The stock has a 50-day moving average price of $3.09 and a 200 day moving average price of $3.79. ARC Group Worldwide has a 12 month low of $2.17 and a 12 month high of $5.95.
ARC Group Worldwide (NASDAQ:ARCW) last announced its earnings results on Monday, May 15th. The technology company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $25.50 million for the quarter, compared to the consensus estimate of $28.83 million. ARC Group Worldwide had a negative net margin of 0.70% and a negative return on equity of 7.31%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) EPS. Equities research analysts predict that ARC Group Worldwide will post ($0.20) earnings per share for the current year.
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An institutional investor recently raised its position in ARC Group Worldwide stock. Stifel Financial Corp boosted its stake in shares of ARC Group Worldwide, Inc. (NASDAQ:ARCW) by 37.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 35,845 shares of the technology company’s stock after buying an additional 9,845 shares during the period. Stifel Financial Corp’s holdings in ARC Group Worldwide were worth $151,000 at the end of the most recent quarter. 15.74% of the stock is owned by institutional investors and hedge funds.
ARC Group Worldwide Company Profile
ARC Group Worldwide, Inc is a manufacturing company. The Company has three segments: Precision Components Group, 3DMT Group, and Flanges and Fittings Group. It provides a set of manufacturing solutions, from design and prototyping through production. Through the Company’s product offering, it provides its customers with a prototyping and production solution for both precision metal and plastic fabrication.
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