ARB IOT Group (NASDAQ:ARBB) Upgraded at Zacks Research

ARB IOT Group (NASDAQ:ARBB) was upgraded by Zacks Research to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on ARBB. Maxim Group cut shares of ARB IOT Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings upgraded shares of ARB IOT Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, ARB IOT Group presently has an average rating of “Reduce”.

ARB IOT Group Price Performance

ARBB stock opened at $4.77 on Wednesday. The firm has a 50 day simple moving average of $4.80 and a two-hundred day simple moving average of $5.20. ARB IOT Group has a one year low of $3.71 and a one year high of $13.89.

ARB IOT Group (NASDAQ:ARBB) last announced its earnings results on Friday, May 8th. The company reported ($1.02) earnings per share (EPS) for the quarter. The company had revenue of $18.53 million for the quarter. As a group, sell-side analysts expect that ARB IOT Group will post -4.19 EPS for the current fiscal year.

ARB IOT Group Company Profile

ARB IOT Group Limited, through its subsidiaries, provides Internet of Things (IoT) system solutions, and system integration and support services in Malaysia. It offers IoT smart home and building solutions, such as design, procurement, and provision of smart home products and devices; integration services; and electrical wire installation and home data network setup for homeowners, as well as provides smart building solutions, including design, procurement, installation, testing, pre-commissioning and commissioning of various IoT systems, solutions, and devices; and integration of automated systems for smart buildings, including installation of wire and wireless, and mechatronic works for property developers and contractors.