ARB IOT Group (NASDAQ:ARBB) Stock Price Up 1.5% – Here’s What Happened

ARB IOT Group Limited (NASDAQ:ARBB) rose 1.5% during mid-day trading on Friday . The company traded as high as $5.90 and last traded at $5.90. Approximately 9,324 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 176,400 shares. The stock had previously closed at $5.81.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ARB IOT Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

ARB IOT Group Stock Up 1.5%

The business has a fifty day moving average price of $5.95 and a two-hundred day moving average price of $5.88.

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.