ARB IOT Group (NASDAQ:ARBB) Issues Earnings Results

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

ARB IOT Group Stock Up 6.0%

Shares of ARBB opened at $3.71 on Friday. The firm’s 50 day moving average is $4.26 and its 200-day moving average is $4.67. ARB IOT Group has a 12-month low of $3.50 and a 12-month high of $10.67.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded ARB IOT Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 20th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

About ARB IOT Group

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.