ARC Group WorldWide (NASDAQ:ARCW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “ARC Group Worldwide, Inc. is a diversified manufacturing holding company with operations in Colorado, Florida, Pennsylvania, Texas, Minnesota, China and Hungary. It provides wireless network component and wireless network solutions. The Company designs and develops hardware, including antennas, radios, and related accessories, used in broadband and other wireless networks. It supplies its products to public and private carriers, wireless infrastructure providers, wireless equipment distributors, value added resellers and other original equipment manufacturers. ARC Group Worldwide, Inc., formerly known as ARC Wireless Solutions Inc., is based in Denver, Colorado. “

Shares of ARC Group WorldWide (NASDAQ ARCW) traded up $0.03 during trading hours on Wednesday, reaching $2.58. 19,100 shares of the company traded hands, compared to its average volume of 26,900. The company has a market cap of $47.06, a P/E ratio of -2.77 and a beta of 3.48. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 1.61. ARC Group WorldWide has a fifty-two week low of $1.83 and a fifty-two week high of $4.97.

ARC Group WorldWide (NASDAQ:ARCW) last released its quarterly earnings results on Monday, November 13th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.12). The business had revenue of $19.95 million for the quarter. ARC Group WorldWide had a negative net margin of 18.10% and a negative return on equity of 17.44%. equities analysts predict that ARC Group WorldWide will post -0.07 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in ARC Group WorldWide stock. Northern Right Capital Management L.P. grew its holdings in shares of ARC Group WorldWide Inc (NASDAQ:ARCW) by 38.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,052,058 shares of the technology company’s stock after acquiring an additional 290,010 shares during the period. ARC Group WorldWide comprises 2.2% of Northern Right Capital Management L.P.’s holdings, making the stock its 14th largest holding. Northern Right Capital Management L.P. owned about 5.79% of ARC Group WorldWide worth $2,966,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 16.31% of the company’s stock.

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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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