Arxis (NASDAQ:ARXS) Reaches New 1-Year Low – Should You Sell?

Arxis, Inc. (NASDAQ:ARXS) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $34.44 and last traded at $34.70, with a volume of 353553 shares. The stock had previously closed at $35.15.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Arxis to a “hold” rating in a report on Saturday.

Arxis Trading Up 0.4%

Insider Transactions at Arxis

In related news, insider Jason Aaron Roth bought 60,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average price of $28.00 per share, for a total transaction of $1,680,000.00. Following the acquisition, the insider owned 395,515 shares of the company’s stock, valued at approximately $11,074,420. This trade represents a 17.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ross Bradley Sealfon bought 12,500 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average price of $28.00 per share, with a total value of $350,000.00. Following the acquisition, the insider directly owned 1,102,807 shares in the company, valued at $30,878,596. The trade was a 1.15% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 201,564 shares of company stock worth $5,643,792 in the last three months.

Arxis Company Profile

We are a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical components engineered for cutting-edge performance in extreme environments. Leveraging significant intellectual property (“IP”) and world-class engineering capabilities, we design and deliver innovative solutions that address some of our customers’ most complex performance needs. Arxis is the result of a deliberate and disciplined strategy executed by our sponsor, Arcline, and the Arxis management team to create a purpose-built, cohesive business through targeted acquisitions with similar product and end market characteristics.