ARC Group Worldwide Inc. (NASDAQ:ARCW) had its target price hoisted by Imperial Capital from $4.00 to $4.50 in a research note issued to investors on Tuesday. The firm presently has a “line” rating on the stock. Imperial Capital’s target price would indicate a potential upside of 8.43% from the company’s previous close.

Other research analysts have also issued reports about the stock. Brean Capital reaffirmed a “buy” rating and issued a $7.00 price target on shares of ARC Group Worldwide in a report on Monday, September 12th. Zacks Investment Research lowered shares of ARC Group Worldwide from a “buy” rating to a “hold” rating in a report on Friday, October 14th.

ARC Group Worldwide (NASDAQ:ARCW) opened at 4.15 on Tuesday. The firm’s market capitalization is $78.00 million. ARC Group Worldwide has a 12 month low of $1.05 and a 12 month high of $4.88. The firm’s 50-day moving average is $3.91 and its 200 day moving average is $2.84.

ARC Group Worldwide (NASDAQ:ARCW) last posted its quarterly earnings results on Thursday, November 10th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. ARC Group Worldwide had a net margin of 1.64% and a negative return on equity of 1.55%. The business earned $26.80 million during the quarter, compared to analyst estimates of $28.70 million. During the same period in the previous year, the business posted ($0.03) EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts predict that ARC Group Worldwide will post $0.01 earnings per share for the current year.

An institutional investor recently raised its position in ARC Group Worldwide stock. Coe Capital Management LLC raised its position in ARC Group Worldwide Inc. (NASDAQ:ARCW) by 25.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,521 shares of the company’s stock after buying an additional 19,197 shares during the period. Coe Capital Management LLC owned about 0.50% of ARC Group Worldwide worth $215,000 at the end of the most recent quarter. 10.79% of the stock is currently owned by institutional investors and hedge funds.

About ARC Group Worldwide

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.

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