ARB IOT Group (NASDAQ:ARBB) Trading 3% Higher – Should You Buy?

ARB IOT Group Limited (NASDAQ:ARBBGet Free Report)’s stock price traded up 3% on Tuesday . The company traded as high as $5.90 and last traded at $5.7550. 93,876 shares were traded during mid-day trading, a decline of 60% from the average session volume of 232,922 shares. The stock had previously closed at $5.59.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ARB IOT Group in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.00.

View Our Latest Stock Report on ARB IOT Group

ARB IOT Group Stock Performance

The stock has a 50-day simple moving average of $6.65 and a 200 day simple moving average of $6.25.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ARB IOT Group stock. Virtu Financial LLC acquired a new stake in ARB IOT Group Limited (NASDAQ:ARBBFree Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 44,603 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned 0.17% of ARB IOT Group as of its most recent filing with the SEC. 14.79% of the stock is owned by hedge funds and other institutional investors.

ARB IOT Group Company Profile

(Get Free Report)

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.

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