ARC Group WorldWide (ARCW) Rating Lowered to Sell at Zacks Investment Research
ARC Group WorldWide (NASDAQ:ARCW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “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. “
ARC Group WorldWide (ARCW) traded up $0.03 during midday trading on Wednesday, hitting $2.58. The stock had a trading volume of 19,100 shares, compared to its average volume of 26,900. The company has a market cap of $47.06, a P/E ratio of -2.77 and a beta of 3.48. The company has a current ratio of 1.61, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. ARC Group WorldWide has a 52-week low of $1.83 and a 52-week high of $4.97.
An institutional investor recently raised its position in ARC Group WorldWide stock. Northern Right Capital Management L.P. grew its position in ARC Group WorldWide Inc (NASDAQ:ARCW) by 38.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,052,058 shares of the technology company’s stock after buying an additional 290,010 shares during the quarter. ARC Group WorldWide accounts for 2.2% of Northern Right Capital Management L.P.’s holdings, making the stock its 14th largest holding. Northern Right Capital Management L.P. owned about 5.79% of ARC Group WorldWide worth $2,966,000 at the end of the most recent quarter. 16.31% of the stock is currently owned by institutional investors and hedge funds.
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ARC Group WorldWide Company Profile
ARC Group Worldwide, Inc is a manufacturing company. The Company has two segments: Precision Components Group, 3DMT Group. It provides a set of manufacturing solutions, from design and prototyping through production. Through the Company’s product offering, it provides its customers with a prototyping and production solution for both precision metal and plastic fabrication.
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