ARC Group WorldWide Downgraded By Zacks (ARCW)

August 20, 2015 Nemes Worldwide News

ARCW has been the topic of a number of other recent research reports. Experts at Canaccord Genuity upgraded shares of ARC Group WorldWide from a hold score to a buy score and raised their price target for the stock from $6.00 to $8.00 in a research note on Friday, June 12th. Experts at Imperial Capital repeated an outperform score and set a $9.00 cost target on shares of ARC Group WorldWide in a research note on Wednesday, May 13th. Lastly, experts at Brean Capital reduced their price target on shares of ARC Group WorldWide from $25.00 to $12.00 and set a buy rating on the stock in a research study note on Wednesday, April 15th. One expert has actually rated the stock with a sell score, 2 have released a hold rating and 4 have actually released a buy rating to the business stock. ARC Group WorldWide presently has a consensus score of Hold and a typical target rate of $13.50.

ARC Group WorldWide (NASDAQ: ARCW) opened at 5.13 on Thursday. ARC Group WorldWide has a 52-week low of $5.00 and a 52-week high of $25.00. The stocks 50-day moving average is $5.73 and its 200-day moving average is $7.03. The business has a market cap of $95.06 million and a P/E ratio of 114.00.

ARC Group WorldWide (NASDAQ: ARCW) last revealed its profits outcomes on Monday, May 11th. The business reported $0.02 earnings per share (EPS) for the quarter, satisfying the consensus quote of $0.02. The business had earnings of $27.90 million for the quarter, compared to the consensus quote of $28.00 million. Throughout the very same quarter in the previous year, the company posted $0.12 earnings per share. The business revenue for the quarter was up 33.5 % on a year-over-year basis. Usually, experts predict that ARC Group WorldWide will certainly post $0.08 earnings per share for the current financial year.

In other ARC Group WorldWide news, CEO Jason Taney Young purchased 17,671 shares of ARC Group WorldWide stock in a deal that occurred on Tuesday, June 9th. The stock was purchased at a typical cost of $5.66 per share, for a total deal of $100,017.86. The acquisition was disclosed in a legal filing with the SEC, which is readily available at this link.

ARC Group Worldwide, Inc. is diversified making company. ARC is taken part in constructing its core production companies in accuracy elements, flanges, fittings and cordless equipment. The Business focuses on constructing these devices through natural growth, along with vertical and horizontal acquisitions. The Business operates in 3 sections, which include the Precision Elements Group, includes FloMet, AFT-US, AFT-Hungary, and TeknaSeal LLC; the Flanges and Fittings Group, including General Flange Forge LLC (NASDAQ: ARCW); and the Wireless Group, including ARC Wireless LLC and ARC Wireless Ltd.

. To obtain a free copy of the research study report on ARC Group WorldWide (ARCW), click right here. For more informationFor more details about research study offerings from Zacks Financial investment Research study, see Zacks.com

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