The stock of ARC Group WorldWide Inc (NASDAQ:ARCW) is a huge mover today! The stock increased 3.57% or $0.15 on November 23, hitting $4.35. About 79,011 shares traded hands or 333.41% up from the average. ARC Group WorldWide Inc (NASDAQ:ARCW) has risen 88.03% since April 22, 2016 and is uptrending. It has outperformed by 82.62% the S&P500.
The move comes after 8 months positive chart setup for the $80.80M company. It was reported on Nov, 24 by Barchart.com. We have $4.74 PT which if reached, will make NASDAQ:ARCW worth $7.27 million more.
Analysts await ARC Group WorldWide Inc (NASDAQ:ARCW) to report earnings on February, 14. They expect $-0.03 EPS, 0.00% or $0.00 from last year’s $-0.03 per share. After $0.05 actual EPS reported by ARC Group WorldWide Inc for the previous quarter, Wall Street now forecasts -160.00% negative EPS growth.
ARC Group WorldWide Inc (NASDAQ:ARCW) Ratings Coverage
Out of 3 analysts covering ARC Group World Wide (NASDAQ:ARCW), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. ARC Group World Wide has been the topic of 7 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Imperial Capital maintained ARC Group WorldWide Inc (NASDAQ:ARCW) on Thursday, February 11 with “In-Line” rating. The stock has “In-Line” rating given by Imperial Capital on Tuesday, November 15. Imperial Capital downgraded the shares of ARCW in a report on Thursday, September 24 to “In-Line” rating. Imperial Capital maintained the shares of ARCW in a report on Tuesday, September 27 with “In-Line” rating.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.8 in Q2 2016. Its up 1.10, from 0.7 in 2016Q1. The ratio is positive, as 6 funds sold all ARC Group WorldWide Inc shares owned while 4 reduced positions. 3 funds bought stakes while 4 increased positions. They now own 1.87 million shares or 5.26% more from 1.77 million shares in 2016Q1.
California Employees Retirement System owns 19,200 shares or 0% of their US portfolio. Coe Cap Mngmt Lc, a Illinois-based fund reported 93,521 shares. First Eagle Investment Mgmt Limited Liability Com accumulated 1.34 million shares or 0.01% of the stock. Moreover, Globeflex Cap Limited Partnership has 0% invested in ARC Group WorldWide Inc (NASDAQ:ARCW) for 299 shares. Moreover, Bancshares Of America Corp De has 0% invested in ARC Group WorldWide Inc (NASDAQ:ARCW) for 67 shares. Blackrock Management last reported 0% of its portfolio in the stock. Vanguard Gru Inc has 161,211 shares for 0% of their US portfolio. Moreover, Stifel Fin has 0% invested in ARC Group WorldWide Inc (NASDAQ:ARCW) for 74,188 shares. Blackrock Fund has invested 0% of its portfolio in ARC Group WorldWide Inc (NASDAQ:ARCW). Deutsche Commercial Bank Ag, a Germany-based fund reported 3 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Moreover, Walleye Trading Ltd Limited Liability Company has 0% invested in ARC Group WorldWide Inc (NASDAQ:ARCW) for 1,800 shares. Creative Planning last reported 0% of its portfolio in the stock. Tower Research Limited Liability Company (Trc) holds 0% of its portfolio in ARC Group WorldWide Inc (NASDAQ:ARCW) for 253 shares. Renaissance Technology Ltd Llc, a New York-based fund reported 96,200 shares.
More recent ARC Group WorldWide Inc (NASDAQ:ARCW) news were published by: Marketwired.com which released: “ARC Group Worldwide, Inc. Announces First Quarter Fiscal 2017 Earnings Release …” on November 02, 2016. Also Prnewswire.com published the news titled: “ARC Group Worldwide, Inc. Announces Colorado Expansion” on December 04, 2013. Marketwired.com‘s news article titled: “ARC Group Worldwide Announces Sale of Non-Core Division” with publication date: October 03, 2016 was also an interesting one.
ARCW Company Profile
ARC Group Worldwide, Inc., incorporated on September 30, 1987, is a manufacturing company. The Firm has four divisions: Precision Components Group, 3DMT Group, Flanges and Fittings Group, and Wireless Group. It provides a set of manufacturing solutions, from design and prototyping through production. Through the Company’s product offering, it provides its clients with a prototyping and production solution for both precision metal and plastic fabrication.
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