ARC Group Worldwide (ARCW) Earning Somewhat Positive Press Coverage, Report Shows
Press coverage about ARC Group Worldwide (NASDAQ:ARCW) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ARC Group Worldwide earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.4482959029895 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
ARC Group Worldwide (NASDAQ:ARCW) remained flat at $2.50 during trading on Friday. The company’s stock had a trading volume of 4,498 shares. The company has a 50-day moving average of $2.44 and a 200-day moving average of $3.04. ARC Group Worldwide has a one year low of $2.00 and a one year high of $5.95. The stock’s market cap is $45.43 million.
ARC Group Worldwide (NASDAQ:ARCW) last announced its quarterly earnings results on Tuesday, September 26th. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. ARC Group Worldwide had a negative return on equity of 7.11% and a negative net margin of 9.94%. The firm had revenue of $22.10 million for the quarter, compared to analysts’ expectations of $26.50 million. During the same period in the prior year, the business posted ($0.04) earnings per share. The business’s revenue was down 12.6% compared to the same quarter last year. On average, equities research analysts anticipate that ARC Group Worldwide will post ($0.05) earnings per share for the current year.
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In other ARC Group Worldwide news, Director Jason Taney Young sold 40,289 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $2.35, for a total value of $94,679.15. Following the sale, the director now directly owns 490,006 shares in the company, valued at $1,151,514.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.59% of the company’s stock.
About ARC Group Worldwide
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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