ARB IOT Group (NASDAQ:ARBB) Issues Earnings Results

ARB IOT Group (NASDAQ:ARBB) issued its quarterly earnings data on Friday. The company reported ($4.79) EPS for the quarter, FiscalAI reports. The company had revenue of $10.28 million during the quarter.

ARB IOT Group Stock Performance

Shares of NASDAQ ARBB opened at $3.71 on Friday. The firm’s 50-day simple moving average is $4.26 and its 200 day simple moving average is $4.67. ARB IOT Group has a fifty-two week low of $3.50 and a fifty-two week high of $10.67.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of ARB IOT Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 20th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

ARB IOT Group Company Profile

ARB IOT Group Limited is a technology company focused on Internet of Things (IoT) products and solutions. Through its operating subsidiaries, the company develops and supplies connected devices and technology designed to collect, transmit and analyze data for use by businesses and consumers.

The company’s offerings include IoT hardware and related software and services for applications such as smart homes, smart buildings, industrial operations and other connected environments. Its solutions are intended to support automation, monitoring, remote management and data-driven decision-making.

ARB IOT Group is headquartered in Malaysia and has described its business as serving customers in Malaysia and other markets in the region.