ARB IOT Group Limited (NASDAQ:ARBB – Get Free Report) shares dropped 4.7% during mid-day trading on Friday . The stock traded as low as $4.56 and last traded at $4.66. Approximately 6,935 shares traded hands during trading, a decline of 94% from the average daily volume of 110,211 shares. The stock had previously closed at $4.89.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered ARB IOT Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.
View Our Latest Stock Analysis on ARB IOT Group
ARB IOT Group Price Performance
ARB IOT Group (NASDAQ:ARBB – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The company reported ($1.02) earnings per share (EPS) for the quarter. The business had revenue of $18.53 million during the quarter.
About ARB IOT Group
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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