Today’s Stock On Watch: What’s Ahead for ARC Group WorldWide Inc After Today’s Big Decline?

Today's Stock On Watch: What's Ahead for ARC Group WorldWide Inc After Today's Big Decline?

The stock of ARC Group WorldWide Inc (NASDAQ:ARCW) is a huge mover today! The stock decreased 11.93% or $0.65 on December 1, hitting $4.8. About 77,455 shares traded hands or 91.46% up from the average. ARC Group WorldWide Inc (NASDAQ:ARCW) has risen 131.91% since April 28, 2016 and is uptrending. It has outperformed by 125.99% the S&P500.
The move comes after 7 months negative chart setup for the $95.47 million company. It was reported on Dec, 1 by Barchart.com. We have $4.61 PT which if reached, will make NASDAQ:ARCW worth $3.82 million less.

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. The stock has “In-Line” rating given by Imperial Capital on Tuesday, September 27. Imperial Capital maintained ARC Group WorldWide Inc (NASDAQ:ARCW) on Tuesday, November 15 with “In-Line” rating. The company was maintained on Thursday, February 11 by Imperial Capital. The rating was downgraded by Imperial Capital to “In-Line” on Thursday, September 24.

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 increased, 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.
Blackrock Fund Advsrs has 16,941 shares for 0% of their US portfolio. Creative Planning has 25 shares for 0% of their US portfolio. Deutsche Comml Bank Ag owns 3 shares or 0% of their US portfolio. Globeflex Cap Ltd Partnership reported 299 shares or 0% of all its holdings. Tower Rech (Trc) has 0% invested in the company for 253 shares. Financial Bank Of America De accumulated 0% or 67 shares. Blackrock Invest Mgmt Ltd Co last reported 1,503 shares in the company. Vanguard Gp holds 0% of its portfolio in ARC Group WorldWide Inc (NASDAQ:ARCW) for 161,211 shares. Geode Management Ltd Llc, a Massachusetts-based fund reported 32,485 shares. California Public Employees Retirement System has 0% invested in the company for 19,200 shares. Renaissance Limited Liability Corporation holds 0% or 96,200 shares in its portfolio. Walleye Trading Limited Company holds 0% or 1,800 shares in its portfolio. The Missouri-based Stifel Fincl Corp has invested 0% in ARC Group WorldWide Inc (NASDAQ:ARCW). Moreover, First Eagle Investment Limited Liability has 0.01% invested in ARC Group WorldWide Inc (NASDAQ:ARCW) for 1.34 million shares. Morgan Stanley holds 27,011 shares or 0% of its portfolio.

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 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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