ARB traded at 17.78 this Friday September 25th, decreasing 0.37 or 2.04 percent since the previous trading session. Looking back, over the last four weeks, ARB lost 13.52 percent. Over the last 12 months, its price fell by 53.20 percent. Looking ahead, we forecast ARB to be priced at 17.75 by the end of this quarter and at 16.70 in one year, according to Trading Economics global macro models projections and analysts expectations.
ARB Corporation Limited is an Australia-based company, which is engaged in designing, manufacturing, distributing and selling of motor vehicle accessories and light metal engineering works. Its design and engineering team utilizes computer aided design and computer-aided manufacturing parametric modelling systems. The Company uses computer numerically controlled sheet fabrication facilities in manufacturing. The Company provides a range of accessories, from vehicle specific applications to accessories which are suitable for every vehicle. The Company’s products include bull bar; side rails and side steps; pear protection, towing and wheel carriers. It operates through five segments: Australia & New Zealand, USA, Thailand and Middle East, Europe & United Kingdom.