ARC Group Worldwide Inc. (ARCW) started the trading day on a down note, making it one of the worst performing stocks in the industrial goods sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 23. Shares of ARCW have fallen 5.69% about 30 minutes into the session to $3.15 after closing the day prior at $3.34. It’s early, but the stock has traded as high as $3.42 and as low as $3.15 so far. Today’s quick decline has come with about 4,748 shares changing hands, compared to an average 30-day volume of 16,313 for ARC Group Worldwide Inc.. The price is currently below the 30-day volume weighted average price of $3.4 for ARCW.
The share depreciation gives the company a market capitalization of $62.78 million based upon 18.8 million shares outstanding. It also means that ARCW has a price-to-book ratio of 1.45:1.
In the past 52 weeks, shares of ARCW have traded as low as $1.05 and as high as $3.4999. Technical traders will take note that at $3.15, shares of ARCW are trading above their 200-day MA at $2.21 and above their 50-day MA at $2.63. 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 below them is typically regarded as bearish.
Who is ARCW?
ARC Group Worldwide Inc is a manufacturer and 3D printing service provider. The Company's business segments are Precision Components Group, 3DMT Group, Flanges and Fittings Group and Wireless Group. The company’s 560 employees are led by CEO Jason T. Young from the corporate headquarters at 810 Flightline Boulevard in Deland, FL.
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