Arxis (NASDAQ:ARXS) Hits New 1-Year Low – Should You Sell?

Arxis, Inc. (NASDAQ:ARXS – Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $34.25 and last traded at $34.57, with a volume of 15879 shares changing hands. The stock had previously closed at $34.59.

Analysts Set New Price Targets

ARXS has been the subject of several recent research reports. Wells Fargo & Company initiated coverage on Arxis in a report on Monday, May 11th. They set an “overweight” rating and a $42.00 price objective for the company. The Goldman Sachs Group assumed coverage on Arxis in a report on Monday, May 11th. They set a “buy” rating and a $53.00 price target for the company. UBS Group set a $53.00 price objective on shares of Arxis in a report on Monday, May 11th. Wall Street Zen raised shares of Arxis to a “hold” rating in a report on Saturday, May 2nd. Finally, Melius Research assumed coverage on shares of Arxis in a report on Monday, May 11th. They set a “buy” rating and a $45.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.27.

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Arxis Trading Down 0.9%

Insider Buying and Selling at Arxis

In other Arxis news, insider Ross Bradley Sealfon purchased 12,500 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was purchased at an average price of $28.00 per share, for a total transaction of $350,000.00. Following the transaction, the insider owned 1,102,807 shares in the company, valued at $30,878,596. The trade was a 1.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Patrick E. Allen purchased 10,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were acquired at an average price of $28.00 per share, with a total value of $280,000.00. Following the transaction, the director owned 15,357 shares in the company, valued at approximately $429,996. The trade was a 186.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 201,564 shares of company stock worth $5,643,792 in the last three months.

Arxis Company Profile

(Get Free Report)

We are a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical components engineered for cutting-edge performance in extreme environments. Leveraging significant intellectual property (“IP”) and world-class engineering capabilities, we design and deliver innovative solutions that address some of our customers’ most complex performance needs. Arxis is the result of a deliberate and disciplined strategy executed by our sponsor, Arcline, and the Arxis management team to create a purpose-built, cohesive business through targeted acquisitions with similar product and end market characteristics.

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