ARC Group Acquisition I (NASDAQ:ARCL) Releases Quarterly Earnings Results

ARC Group Acquisition I (NASDAQ:ARCL) released its quarterly earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports.

ARC Group Acquisition I Stock Up 0.0%

NASDAQ ARCL traded up $0.00 on Friday, reaching $10.02. The stock had a trading volume of 85,028 shares, compared to its average volume of 53,680. ARC Group Acquisition I has a 12-month low of $9.85 and a 12-month high of $10.10. The company’s fifty day moving average price is $10.02.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of ARC Group Acquisition I from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, November 2nd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

ARC Group Acquisition I Company Profile

ARC Group Acquisition I Corp. is a special purpose acquisition company, or SPAC. It was formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Unlike an operating company, ARC Group Acquisition I does not offer products or services of its own. Its principal activity is identifying and evaluating a potential business combination. The company’s business prospects depend on completing a transaction with a suitable target.