ARB IOT Group Limited (NASDAQ:ARBB – Get Free Report) shares were down 1.3% during trading on Thursday . The stock traded as low as $4.19 and last traded at $4.2360. 1,461 shares changed hands during trading, a decline of 35% from the average daily volume of 2,242 shares. The stock had previously closed at $4.29.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on ARBB shares. Zacks Research raised ARB IOT Group to a “hold” rating in a research report on Wednesday, June 17th. Maxim Group lowered ARB IOT Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, Weiss Ratings downgraded ARB IOT Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 23rd. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.
Check Out Our Latest Research Report on ARBB
ARB IOT Group Stock Down 1.3%
ARB IOT Group (NASDAQ:ARBB – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The company reported ($1.02) earnings per share for the quarter. The company had revenue of $18.53 million during the quarter.
ARB IOT Group Company 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.
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