Price Action Don’t Lie: Could ARC Group WorldWide Inc Lose its Strength? The Stock Reaches 52-Week High

Price Action Don't Lie: Could ARC Group WorldWide Inc Lose its Strength? The Stock Reaches 52 Week High

The stock of ARC Group WorldWide Inc (NASDAQ:ARCW) hit a new 52-week high and has $11.42 target or 187.00% above today’s $3.98 share price. The 7 months bullish chart indicates low risk for the $76.54 million company. The 1-year high was reported on Oct, 3 by If the $11.42 price target is reached, the company will be worth $143.13 million 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 28,729 shares traded hands or 46.93% up from the average. ARC Group WorldWide Inc (NASDAQ:ARCW) has risen 117.26% since February 29, 2016 and is uptrending. It has outperformed by 105.05% the S&P500.

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 6 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The firm earned “In-Line” rating on Tuesday, September 27 by Imperial Capital. The stock of ARC Group WorldWide Inc (NASDAQ:ARCW) has “In-Line” rating given on Thursday, February 11 by Imperial Capital. Imperial Capital downgraded ARC Group WorldWide Inc (NASDAQ:ARCW) on Thursday, September 24 to “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 decreased to 0.7 in Q2 2016. Its down 0.18, from 0.88 in 2016Q1. The ratio dived, 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 last reported 0% of its portfolio in the stock. Morgan Stanley holds 0% or 27,011 shares in its portfolio. First Eagle Invest Management Ltd Liability accumulated 1.34 million shares or 0.01% of the stock. Tower Research Capital Ltd Liability Com (Trc) reported 253 shares or 0% of all its holdings. Creative Planning, a Kansas-based fund reported 25 shares. Coe Capital Ltd Com last reported 93,521 shares in the company. Geode Capital Mngmt Llc holds 0% or 32,485 shares in its portfolio. Commercial Bank Of America Corp De reported 67 shares or 0% of all its holdings. Deutsche Natl Bank Ag has invested 0% of its portfolio in ARC Group WorldWide Inc (NASDAQ:ARCW). Walleye Trading Limited Co has 1,800 shares for 0% of their US portfolio. Stifel Financial holds 0% or 74,188 shares in its portfolio. Globeflex Capital Lp accumulated 299 shares or 0% of the stock. Vanguard Gp Incorporated accumulated 0% or 161,211 shares. Renaissance Technologies Limited Liability Com, a New York-based fund reported 96,200 shares. Blackrock Fund last reported 16,941 shares in the company.

More news for ARC Group WorldWide Inc (NASDAQ:ARCW) were recently published by:, which released: “ARC Group Worldwide (ARCW) to Sell Tekna Seal in $10.5M Deal” on October 03, 2016.‘s article titled: “Will ARC Group Worldwide (ARCW) Continue to Surge Higher?” and published on September 30, 2016 is yet another important article.

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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