Price Action To Observe: What’s in ARC Group WorldWide Inc After Touching 52-Week High?

Price Action To Observe: What's in ARC Group WorldWide Inc After Touching 52 Week High?

The stock of ARC Group WorldWide Inc (NASDAQ:ARCW) hit a new 52-week high and has $5.21 target or 4.00% above today’s $5.01 share price. The 6 months bullish chart indicates low risk for the $98.69M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $5.21 price target is reached, the company will be worth $3.95M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 196,091 shares traded hands or 887.66% 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.

Analysts await ARC Group WorldWide Inc (NASDAQ:ARCW) to report earnings on February, 14. They expect $-0.03 earnings per share, 0.00% or $0.00 from last year’s $-0.03 per share. After $0.05 actual earnings per share 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. The rating was maintained by Imperial Capital on Tuesday, November 15 with “In-Line”. The firm has “In-Line” rating given on Tuesday, September 27 by Imperial Capital. The firm has “In-Line” rating by Imperial Capital given on Thursday, September 24. On Thursday, February 11 the stock rating was maintained by Imperial Capital with “In-Line”.

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 2016 Q2. 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.
Creative Planning has 0% invested in the company for 25 shares. Walleye Trading Ltd last reported 1,800 shares in the company. Renaissance Techs Ltd Liability Company accumulated 96,200 shares or 0% of the stock. First Eagle Inv Mngmt Ltd Com has 0.01% invested in the company for 1.34M shares. Deutsche Bankshares Ag has 0% invested in the company for 3 shares. Globeflex L P last reported 299 shares in the company. Vanguard Group Inc has 161,211 shares for 0% of their US portfolio. Stifel Financial has invested 0% of its portfolio in ARC Group WorldWide Inc (NASDAQ:ARCW). Blackrock Invest Mngmt Limited Company holds 1,503 shares or 0% of its portfolio. Blackrock Fund Advsr last reported 16,941 shares in the company. California Public Employees Retirement Sys has 0% invested in the company for 19,200 shares. Geode Management Lc last reported 32,485 shares in the company. The North Carolina-based Comml Bank Of America Corporation De has invested 0% in ARC Group WorldWide Inc (NASDAQ:ARCW). Morgan Stanley accumulated 27,011 shares or 0% of the stock. Coe Capital Management Llc reported 93,521 shares or 0% of all its holdings.

More important 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 article titled: “ARC Group Worldwide, Inc. Announces Colorado Expansion”, Marketwired.com published: “ARC Group Worldwide Announces Sale of Non-Core Division” on October 03, 2016. More interesting news about ARC Group WorldWide Inc (NASDAQ:ARCW) was released by: Marketwired.com and their article: “ARC Group Worldwide Announces New Senior Credit Facility” with publication date: September 29, 2016.

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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