ARC Group Worldwide (NASDAQ:ARCW) CFO Drew Kelley bought 2,500 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were purchased at an average price of $24.97 per share, for a total transaction of $62,425.00. Following the completion of the acquisition, the chief financial officer now directly owns 3,000 shares in the company, valued at approximately $74,910. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Brean Capital initiated coverage on shares of ARC Group Worldwide in a research note to investors on Wednesday, December 11th. They set a “buy” rating and a $25.00 price target on the stock.
ARC Group Worldwide (NASDAQ:ARCW) traded up 4.99% on Thursday, hitting $26.10. 35,397 shares of the company’s stock traded hands. ARC Group Worldwide has a 52-week low of $4.65 and a 52-week high of $43.73. The stock’s 50-day moving average is $23.68 and its 200-day moving average is $11.15. The company has a market cap of $153.4 million and a P/E ratio of 31.99.
ARC Group Worldwide (NASDAQ:ARCW) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.34 EPS for the quarter. The company had revenue of $18.40 million for the quarter, compared to the consensus estimate of $13.30 million.
ARC Group Worldwide, Inc, formerly ARC Wireless Solutions, Inc, is a provider of wireless network component and wireless network solutions.
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