ARB IOT Group (NASDAQ:ARBB) Posts Earnings Results

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

ARB IOT Group Price Performance

Shares of NASDAQ ARBB traded up $0.18 during trading on Friday, hitting $3.69. 16,806 shares of the company traded hands, compared to its average volume of 18,554. The business’s fifty day moving average is $4.30 and its 200 day moving average is $4.68. ARB IOT Group has a fifty-two week low of $3.50 and a fifty-two week high of $10.67.

Wall Street Analyst Weigh In

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