Janney Montgomery Scott Initiates Coverage on ARC Group WorldWide (ARCW)
Equities researchers at Janney Montgomery Scott assumed coverage on shares of ARC Group WorldWide (NASDAQ:ARCW) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
ARC Group WorldWide (NASDAQ:ARCW) opened at 17.63 on Friday. ARC Group WorldWide has a 52 week low of $1.928 and a 52 week high of $18.912. The stock has a 50-day moving average of $15.16 and a 200-day moving average of $13.78. The company has a market cap of $262.8 million and a price-to-earnings ratio of 41.66.
ARCW has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity initiated coverage on shares of ARC Group WorldWide in a research note on Monday. They set a “buy” rating and a $20.00 price target on the stock. Separately, analysts at Imperial Capital initiated coverage on shares of ARC Group WorldWide in a research note on Monday, June 30th. They set an “outperform” rating and a $20.00 price target on the stock. Finally, analysts at Brean Capital raised their price target on shares of ARC Group WorldWide from $20.00 to $23.00 in a research note on Tuesday, June 24th. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $21.00.
ARC Group Worldwide, Inc, formerly ARC Wireless Solutions, Inc, is a provider of wireless network component and wireless network solutions.
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