The stock of ARB Corporation Limited (ASX:ARB) is a huge mover today! The stock increased 2.68% or $0.45 on November 30, hitting $17.21. About 171,094 shares traded hands or 29.50% up from the average. ARB Corporation Limited (ASX:ARB) has risen 6.76% since May 4, 2016 and is uptrending. It has outperformed by 1.53% the S&P500.
The move comes after 6 months positive chart setup for the $1.36B company. It was reported on Nov, 30 by Barchart.com. We have $18.07 PT which if reached, will make ASX:ARB worth $68.00M more.
More notable recent ARB Corporation Limited (ASX:ARB) news were published by: Fool.com.Au which released: “ARB Corporation Limited lifts profit 7.6% â€“ should you buy?” on August 17, 2016, also Fool.com.Au with their article: “Why you should bet on ARB Corporation Limited shares” published on May 08, 2016, Fool.com.Au published: “Would Warren Buffett buy ARB Corporation Limited at today’s price?” on October 16, 2016. More interesting news about ARB Corporation Limited (ASX:ARB) were released by: Fool.com.Au and their article: “The most overrated stock on the ASX: ARB Corporation Limited?” published on February 18, 2015 as well as Fool.com.Au‘s news article titled: “Why I’m not buying ARB Corporation Limited” with publication date: August 26, 2014.
ARB Corporation Limited is engaged in the design, manufacture, distribution and sale of motor vehicle accessories and light metal engineering works. The company has a market cap of $1.36 billion. The Firm is a maker and distributor of four by four accessories. It has a 28.72 P/E ratio. The Company’s divisions include Australia, USA, Thailand and Middle East & Europe.
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