Arlo Technologies Inc (NYSE:ARLO) shot up 9.9% during trading on Friday . The company traded as high as $4.35 and last traded at $4.33, 817,669 shares changed hands during mid-day trading. A decline of 52% from the average session volume of 1,692,823 shares. The stock had previously closed at $3.94.
The business’s fifty day moving average price is $4.05. The company has a market cap of $299.93 million and a price-to-earnings ratio of -4.25. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 0.11.
Arlo Technologies (NYSE:ARLO) last released its quarterly earnings data on Tuesday, April 30th. The company reported ($0.55) EPS for the quarter, meeting analysts’ consensus estimates of ($0.55). The business had revenue of $57.88 million during the quarter, compared to the consensus estimate of $50.40 million. Arlo Technologies had a negative return on equity of 42.61% and a negative net margin of 24.30%. The company’s quarterly revenue was down 42.5% compared to the same quarter last year. On average, analysts expect that Arlo Technologies Inc will post -1.68 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARLO. Bank of Montreal Can increased its holdings in shares of Arlo Technologies by 5,782.4% in the first quarter. Bank of Montreal Can now owns 10,000 shares of the company’s stock worth $41,000 after acquiring an additional 9,830 shares in the last quarter. HHM Wealth Advisors LLC bought a new stake in shares of Arlo Technologies in the first quarter worth about $47,000. New York State Common Retirement Fund bought a new stake in shares of Arlo Technologies in the fourth quarter worth about $131,000. Rhumbline Advisers bought a new stake in shares of Arlo Technologies in the fourth quarter worth about $148,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Arlo Technologies by 6,578.5% in the first quarter. BNP Paribas Arbitrage SA now owns 17,698 shares of the company’s stock worth $73,000 after acquiring an additional 17,433 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.
Arlo Technologies Company Profile (NYSE:ARLO)
Arlo Technologies, Inc provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular network Internet connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. It offers Arlo Security Camera, a battery-operated Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allow users to monitor their surroundings; Arlo Pro, a battery-operated weather-resistant Wi-Fi camera; Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile monitoring; and Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision.
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