Virtu Financial LLC Takes Position in ARB IOT Group Limited $ARBB

Virtu Financial LLC acquired a new stake in ARB IOT Group Limited (NASDAQ:ARBB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 44,603 shares of the company’s stock, valued at approximately $31,000.

Separately, Renaissance Technologies LLC acquired a new position in ARB IOT Group in the fourth quarter valued at approximately $28,000. 14.79% of the stock is currently owned by institutional investors and hedge funds.

ARB IOT Group Price Performance

ARB IOT Group stock opened at $4.36 on Tuesday. ARB IOT Group Limited has a fifty-two week low of $3.22 and a fifty-two week high of $18.60. The stock has a 50-day simple moving average of $5.79 and a 200-day simple moving average of $8.09.

Wall Street Analysts Forecast Growth

Separately, Maxim Group raised ARB IOT Group to a “strong-buy” rating and set a $20.00 price target for the company in a report on Monday, June 9th.

ARB IOT Group Profile

ARB IOT Group Limited, through its subsidiaries, provides Internet of Things (IoT) system solutions, and system integration and support services in Malaysia. It offers IoT smart home and building solutions, such as design, procurement, and provision of smart home products and devices; integration services; and electrical wire installation and home data network setup for homeowners, as well as provides smart building solutions, including design, procurement, installation, testing, pre-commissioning and commissioning of various IoT systems, solutions, and devices; and integration of automated systems for smart buildings, including installation of wire and wireless, and mechatronic works for property developers and contractors.