ARC Group Worldwide, Inc. (NASDAQ:ARCW) released its quarterly earnings results on Monday. The technology company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.12), Bloomberg Earnings reports. The company had revenue of $19.95 million during the quarter. ARC Group Worldwide had a negative net margin of 18.10% and a negative return on equity of 16.35%.
Shares of ARC Group Worldwide (ARCW) opened at $2.07 on Wednesday. ARC Group Worldwide has a fifty-two week low of $2.00 and a fifty-two week high of $5.95. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.88 and a current ratio of 1.69.
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Separately, Zacks Investment Research cut shares of ARC Group Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th.
In other news, Director Jason Taney Young sold 40,289 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $2.35, for a total transaction of $94,679.15. Following the sale, the director now owns 490,006 shares in the company, valued at approximately $1,151,514.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.59% of the company’s stock.
About ARC Group Worldwide
ARC Group Worldwide, Inc is a manufacturing company. The Company has two segments: Precision Components Group, 3DMT Group. It provides a set of manufacturing solutions, from design and prototyping through production. Through the Company’s product offering, it provides its customers with a prototyping and production solution for both precision metal and plastic fabrication.
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