Zacks Investment Research Lowers ARC Group WorldWide (NASDAQ:ARCW) to Sell

Zacks Investment Research downgraded shares of ARC Group WorldWide (NASDAQ:ARCW) from a hold rating to a sell rating in a research report released on Wednesday, January 10th.

According to Zacks, “ARC Group Worldwide, Inc. is a diversified manufacturing holding company with operations in Colorado, Florida, Pennsylvania, Texas, Minnesota, China and Hungary. It provides wireless network component and wireless network solutions. The Company designs and develops hardware, including antennas, radios, and related accessories, used in broadband and other wireless networks. It supplies its products to public and private carriers, wireless infrastructure providers, wireless equipment distributors, value added resellers and other original equipment manufacturers. ARC Group Worldwide, Inc., formerly known as ARC Wireless Solutions Inc., is based in Denver, Colorado. “

Shares of ARC Group WorldWide (ARCW) remained flat at $$2.30 during trading on Wednesday. The company had a trading volume of 22,221 shares, compared to its average volume of 30,789. ARC Group WorldWide has a 12 month low of $1.83 and a 12 month high of $4.97. The company has a market cap of $41.88, a P/E ratio of -2.40 and a beta of 3.39. The company has a current ratio of 1.61, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39.

ARC Group WorldWide (NASDAQ:ARCW) last announced its quarterly earnings data on Monday, November 13th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.12). ARC Group WorldWide had a negative return on equity of 17.44% and a negative net margin of 18.10%. The company had revenue of $19.95 million for the quarter. sell-side analysts expect that ARC Group WorldWide will post -0.07 earnings per share for the current year.

A hedge fund recently raised its stake in ARC Group WorldWide stock. Northern Right Capital Management L.P. lifted its stake in shares of ARC Group WorldWide Inc (NASDAQ:ARCW) by 38.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,052,058 shares of the technology company’s stock after purchasing an additional 290,010 shares during the period. ARC Group WorldWide accounts for 2.2% of Northern Right Capital Management L.P.’s holdings, making the stock its 14th biggest position. Northern Right Capital Management L.P. owned about 5.79% of ARC Group WorldWide worth $2,966,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 16.31% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.truebluetribune.com/2018/01/22/arc-group-worldwide-arcw-downgraded-by-zacks-investment-research.html.

About ARC Group WorldWide

ARC Group Worldwide, Inc is a manufacturing company. The Company has two segments: Precision Components Group, 3DMT 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.

Get a free copy of the Zacks research report on ARC Group WorldWide (ARCW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ARC Group WorldWide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Group WorldWide and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply