ARC Group (ARCW) Falls: Stock Tanks 24.4%
ARC Group Worldwide, Inc. (ARCW) saw a big move last session, as the company’s shares fell over 24% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ARCW as the stock is now down over 45% in the past one-month time frame.
The company which provides wireless network component and wireless network solutions has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
ARCW currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include Aruba Networks, Inc. (ARUN), Nokia Corporation (NOK) and ZTE Corp. (ZTCOY). All these stocks hold a Zacks Rank #2 (Buy).
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ARC GROUP WORLDWIDE INC (ARCW): Free Stock Analysis Report
ARUBA NETWORKS INC (ARUN): Free Stock Analysis Report
NOKIA CORP (NOK): Free Stock Analysis Report
ZTE CORPORATION (ZTCOY): Free Stock Analysis Report
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