ARB IOT Group
ARBB

$0.2650

7.54%

Market Cap: $7.01M

About: ARB IOT Group Ltd is engaged in provision of hardware and software of Internet of Things solutions to meet customers' demand in four business lines, which are IoT Smart Home and Buildings, IoT Smart Agriculture, IoT System Development, and IoT Gadget Distribution. The company delivers holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works. The company has two operating segments: Internet of Things ('IoT') and Investment holding and others. It earns its maximum profit from the Internet of Things segment.

Employees: 53

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

16,610% more capital invested

Capital invested by funds: $936 [Q1] → $156K (+$155K) [Q2]

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

100% more funds holding

Funds holding: 2 [Q1] → 4 (+2) [Q2]

1.09% more ownership

Funds ownership: 0% [Q1] → 1.09% (+1.09%) [Q2]

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 1

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Research analyst outlook

We haven’t received any recent analyst ratings for ARBB.

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Financial journalist opinion

ARB IOT Group Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Selangor, Malaysia, June 27, 2024 (GLOBE NEWSWIRE) -- ARB IOT Group Limited ("ARB" or the "Company") (NASDAQ: ARBB), a provider of complete solutions to clients for the integration of Internet of Things (“IoT”) systems and devices from designing to project deployment, today announced that on June 25, 2024, it received a written notification letter (the “Notification Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of US$1.00 per share.

ARB IOT Group Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Why Is ARB IOT (ARBB) Stock Up 230% Today?

ARB IOT (NASDAQ: ARBB ) stock is rocketing higher on Tuesday alongside heavy trading and an update on a shareholder of the Malaysia-based Internet of Things (IoT) company. A filing with the Securities and Exchange Commission (SEC) shows that ARB BERHAD holds a 28.38% stake in ARB IOT.

Why Is ARB IOT (ARBB) Stock Up 230% Today?

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