The stock of ARC Group WorldWide Inc (NASDAQ:ARCW) is a huge mover today! About 59,646 shares traded hands or 110.61% up from the average. ARC Group WorldWide Inc (NASDAQ:ARCW) has risen 63.81% since March 3, 2016 and is uptrending. It has outperformed by 55.46% the S&P500.
The move comes after 8 months negative chart setup for the $73.19 million company. It was reported on Oct, 6 by Barchart.com. We have $3.28 PT which if reached, will make NASDAQ:ARCW worth $9.51M less.
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 stock has “In-Line” rating given by Imperial Capital on Thursday, February 11. The firm has “In-Line” rating by Imperial Capital given on Thursday, September 24. The stock of ARC Group WorldWide Inc (NASDAQ:ARCW) has “In-Line” rating given on Tuesday, September 27 by Imperial Capital.
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 2016 Q2. Its down 0.18, from 0.88 in 2016Q1. The ratio fall, 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.
Moreover, Tower Capital Ltd Liability Company (Trc) has 0% invested in ARC Group WorldWide Inc (NASDAQ:ARCW) for 253 shares. Vanguard Inc owns 161,211 shares or 0% of their US portfolio. Walleye Trading Limited last reported 1,800 shares in the company. The Kansas-based Creative Planning has invested 0% in ARC Group WorldWide Inc (NASDAQ:ARCW). Moreover, Blackrock Invest Mngmt Ltd Co has 0% invested in ARC Group WorldWide Inc (NASDAQ:ARCW) for 1,503 shares. Renaissance Limited Liability has 96,200 shares for 0% of their US portfolio. Globeflex Capital Ltd Partnership reported 299 shares or 0% of all its holdings. First Eagle Invest has 0.01% invested in the company for 1.34 million shares. Geode Capital Llc last reported 32,485 shares in the company. State Bank Of America Corp De holds 67 shares or 0% of its portfolio. California Pub Employees Retirement System has 19,200 shares for 0% of their US portfolio. Stifel Financial accumulated 0% or 74,188 shares. Blackrock Fund Advisors accumulated 16,941 shares or 0% of the stock. Morgan Stanley has invested 0% of its portfolio in ARC Group WorldWide Inc (NASDAQ:ARCW). Deutsche Commercial Bank Ag, a Germany-based fund reported 3 shares.
More recent ARC Group WorldWide Inc (NASDAQ:ARCW) news were published by: Streetinsider.com which released: “ARC Group Worldwide (ARCW) to Sell Tekna Seal in $10.5M Deal” on October 03, 2016. Also Marketwired.com published the news titled: “ARC Group Worldwide, Inc. Announces Fourth Quarter and Full Year Fiscal 2016 …” on September 06, 2016. Marketwired.com‘s news article titled: “ARC Group Worldwide Announces New Senior Credit Facility” with publication date: September 29, 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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