ARB IOT Group (NASDAQ:ARBB) Stock Price Up 1.5% – Time to Buy?

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

Analyst Upgrades and Downgrades

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

ARB IOT Group Trading Up 1.5%

The stock’s fifty day moving average price is $5.95 and its 200 day moving average price is $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.