ARC Group Worldwide, Inc. ARCW was a big mover last session, as the company saw its shares rise over 12% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 52% since Nov 4, 2016.
The company has seen two positive estimate revisions in the last 30 days, while its Zacks Consensus Estimate moved higher, suggesting solid trading ahead. So, make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
ARC Group Worldwide has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is Ubiquiti Networks, Inc. UBNT, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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