Arbe Robotics (NASDAQ:ARBEW) Trading 3.5% Higher – Here’s Why

Shares of Arbe Robotics Ltd. (NASDAQ:ARBEWGet Free Report) were up 3.5% during trading on Friday . The stock traded as high as $0.24 and last traded at $0.2280. Approximately 16,922 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 45,629 shares. The stock had previously closed at $0.2202.

Arbe Robotics Stock Up 3.5%

The firm’s fifty day simple moving average is $0.27 and its 200 day simple moving average is $0.24.

Arbe Robotics Company Profile

(Get Free Report)

Arbe Robotics Ltd., a semiconductor company, provides 4D imaging radar solutions for tier 1 automotive suppliers and automotive manufacturers in China, Hong Kong, Sweden, Germany, the United States, Israel, and internationally. It offers 4D imaging radar chipset solutions that address the core issues that have caused autonomous vehicle and autopilot accidents, such as detecting stationary objects, identifying vulnerable road users, operation at poor lighting conditions, and eliminating false alarms without radar ambiguities.

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