Company shares are trading at $0.92 significantly lower than $1.10, the stock’s 50 day moving average and just a bit higher than the 200 day moving average of $0.92. The 50 day moving average was down by -16.13% whereas the 200 day moving average was up $0.00 or +0.31%. Appliance Recycling Centers of shares had a trading volume of 29K by the end of trading on Tuesday. Trading volume was down 73.56% under the stocks average daily volume.
Traders are more bearish on the company at least if you consider the uptick in short interest. The stock had a rise in short interest of 32.95% as of October 13, 2017 from the last reporting period. Short shares increased 38,369 over that timeframe. The days to cover decreased to 1.0 and the short interest percentage is 0.02% as of October 13.
The following firms have recently changed their position in ARCI. As of the end of the quarter Grt Capital Partners L.l.c. had sold 51,583 shares trimming its stake by 41.3%. The value of the investment in (ARCI) went from $132,000 to $58,000 decreasing 56.1% quarter to quarter. As of quarter end Renaissance Technologies LLC had acquired a total of 4,500 shares growing its position 2.2%. The value of the investment in ARCI decreased from $212,000 to $162,000 a change of $50,000 since the last quarter.
As of quarter end Citadel Advisors LLC had sold 2,762 shares trimming its holdings by 19.9%. The value of the investment in Appliance Recycling Centers of went from $15,000 to $9,000 a change of 40.0% quarter over quarter. As of the end of the quarter Ubs Group Ag had bought a total of 2,406 shares growing its position 213.3%. The value of the company’s investment in Appliance Recycling Centers of increased from $1,000 to $3,000 a change of $2,000 for the reporting period.
The P/E ratio is 1.10 and the market value is 6.12M.
Appliance Recycling Centers of America, Inc., launched on June 27, 1983, is involved in the business of selling and recycling household appliances in North America. The Company has two segments: recycling and retail. The Company sells household appliances in the United States though its chain of Company-owned retail stores, operating under the name ApplianceSmart. ApplianceSmart operates 18 stores, which include six in the Minneapolis/St. Paul market; a store in Rochester, Minnesota; a store in St. Cloud, Minnesota; four in the Columbus, Ohio market; four in the Atlanta, Georgia market, and two in the San Antonio, Texas market. Its recycling segment focuses on collecting, recycling and installing appliances for utilities and other customers. Its recycling segment also focuses on the agreement with General Electric (GE). GE sells its recyclable appliances in certain regions of the United States to the Company, and the Company collects, processes and recycles the appliances. These appliances include units manufactured by GE, as well as by other manufacturers. The Business’s retail segment focuses on the sale of appliances through ApplianceSmart stores..