Home / Market Movers / Services Sector Gets a Lift from Early Gains by 4.49% for Appliance Recycling Centers of America Inc. (ARCI) on September 23

Services Sector Gets a Lift from Early Gains by 4.49% for Appliance Recycling Centers of America Inc. (ARCI) on September 23

Appliance Recycling Centers of America Inc. (ARCI) is one of the best performing stocks in the services sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 23. Shares of ARCI have climbed 4.49% about 30 minutes into the session to $1.0 after closing the day prior at $0.96. It’s early, but the stock has traded as high as $1.0 and as low as $1.0 so far. Today’s quick advance has come with about 300 shares changing hands, compared to an average 30-day volume of 31,431 for Appliance Recycling Centers of America Inc.. The price is currently below the 30-day volume weighted average price of $1.0 for ARCI.

The share appreciation gives the company a market capitalization of $5.69 million based upon 5.95 million shares outstanding. It also means that ARCI has a price-to-book ratio of 0.64:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of ARCI have traded as low as $0.54 and as high as $1.8. Technical traders will take note that at $1.0, shares of ARCI are trading below their 200-day MA at $1.12 and below their 50-day MA at $1.21. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is ARCI?

Appliance Recycling Centers Of America Inc and its subsidiaries are engaged in the business of selling and recycling household appliances in North America. It also provides turnkey appliance recycling services for electric utilities. The company’s 335 employees are led by CEO Tony Isaac from the corporate headquarters at 175 Jackson Avenue North.

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