Revenue Update on Appliance Recycling Centers of America(NASDAQ:ARCI)

Appliance Recycling Centers of America(NASDAQ:ARCI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 18, 2016. Earnings per share were $-0.35.

Appliance Recycling Centers of America (ARCI) made into the market gainers list on Mondays trading session with the shares advancing 0.39% or 0.0041 points. Due to strong positive momentum, the stock ended at $1.0541, which is also near the day’s high of $1.06. The stock began the session at $1.06 and the volume stood at 13,509 shares. The 52-week high of the shares is $1.8 and the 52 week low is $0.54. The company has a current market capitalization of $6.3 M and it has 59,50,818 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, Bradley Bremer (President of ApplianceSmart) sold 4,900 shares at $1.25 per share price.Also, On Oct 5, 2015, Capital Group, Llc Isaac (10% owner) sold 40,311 shares at $1.03 per share price.

Appliance Recycling Centers of America Inc. is engaged in the business of selling and recycling household appliances in North America. The Company sells household appliances in the United States though its chain of 18 Company-owned retail stores operating under the name ApplianceSmart. It offers extended warranties appliance delivery factory-trained technician service and free recycling of customers’ replaced appliances. It also provides turnkey appliance recycling and replacement services for utilities and other sponsors of energy efficiency programs through its subsidiaries ARCA Recycling Inc. and ARCA Canada Inc. Its segments include retail and recycling. It has contracts to recycle or to replace and recycle appliances for approximately 155 utilities across North America. The Company offers reverse logistics services to manufacturers and retailers. It also provides services for electric utility companies and other sponsors of energy efficiency initiatives.

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