ARB IOT Group (NASDAQ:ARBB) Raised to Hold at Zacks Research

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

Other research analysts have also issued research reports about the stock. Weiss Ratings raised shares of ARB IOT Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. Maxim Group lowered shares of ARB IOT Group from a “buy” rating to a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, ARB IOT Group has an average rating of “Reduce”.

ARB IOT Group Trading Down 2.9%

Shares of ARB IOT Group stock opened at $4.77 on Wednesday. The stock has a 50 day moving average of $4.80 and a 200 day moving average of $5.20. ARB IOT Group has a fifty-two week low of $3.71 and a fifty-two week high of $13.89.

ARB IOT Group (NASDAQ:ARBB) last posted its earnings results on Friday, May 8th. The company reported ($1.02) EPS for the quarter. The business had revenue of $18.53 million during the quarter. Research analysts predict that ARB IOT Group will post -4.19 earnings per share for the current year.

About ARB IOT Group

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.