Somewhat Positive Press Coverage Somewhat Unlikely to Impact ARC Group WorldWide (ARCW) Share Price
News coverage about ARC Group WorldWide (NASDAQ:ARCW) has trended somewhat positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ARC Group WorldWide earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.4296755183222 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of ARC Group WorldWide (NASDAQ:ARCW) traded up 2.13% during trading on Monday, hitting $2.40. 663 shares of the stock were exchanged. The stock’s market cap is $43.61 million. ARC Group WorldWide has a 12-month low of $2.17 and a 12-month high of $5.95. The stock has a 50-day moving average of $2.83 and a 200 day moving average of $3.65.
ARC Group WorldWide (NASDAQ:ARCW) last posted its quarterly earnings data on Monday, May 15th. The technology company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.11. The company had revenue of $25.50 million during the quarter, compared to analyst estimates of $28.83 million. ARC Group WorldWide had a negative return on equity of 24.40% and a negative net margin of 10.92%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) EPS. Equities analysts predict that ARC Group WorldWide will post ($0.20) earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on ARCW. ValuEngine downgraded shares of ARC Group WorldWide from a “hold” rating to a “sell” rating in a report on Wednesday, May 17th. Zacks Investment Research upgraded shares of ARC Group WorldWide from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 13th.
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About ARC Group WorldWide
ARC Group Worldwide, Inc is a manufacturing company. The Company has four segments: Precision Components Group, 3DMT Group, Flanges and Fittings Group, and Wireless 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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