ARC Group WorldWide Upgraded To “” Purchase”” At Zacks (ARCW)

August 12, 2015 Nemes Worldwide News

Zacks updated shares of ARC Group WorldWide (NASDAQ: ARCW) from a hold score to a buy score in a research note released to investors on Tuesday, Expert Ratings.Net reports. The firm currently has $6.00 price target on the stock.

According to Zacks, ARC Group Worldwide, Inc. is a diversified production holding business with operations in Colorado, Florida, Pennsylvania, Texas, Minnesota, China and Hungary. It provides wireless network part and wireless network options. The Company designs and establishes hardware, including antennas, radios, and relevant accessories, used in broadband and other cordless networks. It provides its items to public and private carriers, cordless infrastructure suppliers, wireless equipment suppliers, value included resellers and other initial devices makers. ARC Group Worldwide, Inc., previously knowncalled ARC Wireless Solutions Inc., is based in Denver, Colorado.

Zacks has actually also done something about it a number of other stocks just recently. The company downgraded shares of Statoil ASA from a buy rating to a hold score. Likewise, Zacks downgraded shares of China Petroleum amp; Chemical Corp from a strong-buy rating to a hold rating. Lastly, Zacks upgraded shares of Eni SpA from a hold rating to a buy score. Zacks now has a $40.00 price target on that stock.

ARC Group WorldWide (NASDAQ: ARCW) traded up 0.19 % throughout mid-day trading on Tuesday, striking $5.30. 82,802 shares of the business’s stock traded hands. ARC Group WorldWide has a one year low of $5.00 and a one year high of $25.00. The stock has a 50-day moving average of $5.84 and a 200-day moving average of $7.11. The business has a market cap of $98.21 million and a price-to-earnings ratio of 117.78.

ARC Group WorldWide (NASDAQ: ARCW) last released its revenues information on Monday, May 11th. The business reported $0.02 earnings per share for the quarter, satisfying the analysts’ agreement estimate of $0.02. The business had profits of $27.90 million for the quarter, compared with the agreement estimate of $28.00 million. During the same quarter in 2013, the company posted $0.12 earnings per share. ARC Group WorldWide’s profits was up 33.5 % as compared to the very same quarter in 2013. Analysts anticipate that ARC Group WorldWide will post $0.08 EPS for the current fiscal year.

Numerous other experts have also just recently discussed the stock. Analysts 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 study note on Friday, June 12th. Experts at Imperial Capital repeated an outperform score and set a $9.00 price target on shares of ARC Group WorldWide in a research note on Wednesday, Might 13th. Finally, experts at Brean Capital lowered their cost target on shares of ARC Group WorldWide from $25.00 to $12.00 and set a buy score on the stock in a research study note on Wednesday, April 15th. One investment expert has actually ranked the stock with a sell score, one has actually provided a hold score and 5 have actually appointed a buy score to the company. The stock has a consensus score of Buy and a typical target rate of $13.50.

In other ARC Group WorldWide news, CEO Jason Taney Young obtained 17,671 shares of ARC Group WorldWide stock in a deal that took place on Tuesday, June 9th. The shares were bought at a typical cost of $5.66 per share, for a total deal of $100,017.86. The acquisition was revealed in a legal filing with the Securities amp; Exchange Commission, which can be accessed through this link. Likewise, CFO Drew M. Kelley got 20,000 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were bought at an average expense of $5.00 per share, with a total value of $100,000.00. The disclosure for this purchase can be discovered here.

ARC Group Worldwide, Inc. is diversified manufacturing business. ARC is engaged in developing its core manufacturing companies in accuracy elements, flanges, fittings and wireless devices. The Company concentrates on developing these units through natural development, along with vertical and horizontal acquisitions. The Business runs in 3 sectors, which includethat include the Precision Parts Group, consists of FloMet, AFT-US, AFT-Hungary, and TeknaSeal LLC; the Flanges and Fittings Group, consisting of General Flange # 038; Forge LLC (NASDAQ: ARCW); and the Wireless Group, consisting of 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 details about research study offerings from Zacks Financial investment Research study, check out Zacks.com

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