ARC Group WorldWide Inc (ARCW) is Reiterated by Imperial Capital to In-line, Raises Price Target to $ 4

ARC Group WorldWide Inc (ARCW) was Reiterated by Imperial Capital to “In-line” according to the research note released today. The brokerage firm has raised the Price Target to $ 4 from a previous price target of $3 . Imperial Capital advised their investors in a research report released on Sep 27, 2016.

On the company’s financial health, ARC Group WorldWide Inc reported $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Sep 9, 2016. Analyst had a consensus of $0.00. The company had revenue of $27.80 million for the quarter, compared to analysts expectations of $27.17 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.04 EPS.

ARC Group WorldWide Inc opened for trading at $3.17 and hit $3.42 on the upside on Thursday, eventually ending the session at $3.34, with a gain of 8.44% or 0.26 points. The heightened volatility saw the trading volume jump to 50,938 shares. Company has a market cap of $63 M.

In a different news, on Jun 10, 2015, Jason Taney Young (CEO) purchased 17,671 shares at $5.66 per share price. According to the SEC, on Apr 6, 2015, Drew M. Kelley (CFO) purchased 20,000 shares at $5.00 per share price.

ARC Group Worldwide Inc. is a manufacturing company. The Company operates through four segments: Precision Components Group 3DMT Group Flanges and Fittings Group and Wireless Group. The Precision Components Group companies provide fabricated metal components using processes consisting of metal injection molding precision metal stamping and hermetic sealing. The 3DMT Group accelerates speed-to-market through rapid prototyping short-run production and rapid tooling. The 3DMT Group consists of the tooling product line 3D Material Technologies (Additive Manufacturing operations) and Advance Tooling Concepts LLC. The Flange and Fittings Group consists of General Flange and Forge which provide custom machining solutions and special flange facings. The Wireless Group focuses on wireless broadband technology related to propagation and optimization. The Wireless Group designs and develops hardware including antennas radios and related accessories.

ARC Group WorldWide Inc

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