Appliance Recycling Cntrs of Amer (ARCI) Sees Strong Trading Volume

Appliance Recycling Cntrs of Amer Inc (NASDAQ:ARCI) shares saw unusually-strong trading volume on Wednesday . Approximately 2,012,800 shares were traded during trading, an increase of 465% from the previous session’s volume of 355,980 shares.The stock last traded at $4.91 and had previously closed at $4.52.

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.67 and a quick ratio of 0.83.

In other news, major shareholder Isaac Capital Group, Llc sold 149,679 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $78.29, for a total transaction of $11,718,368.91. Following the completion of the sale, the insider now directly owns 110,125 shares in the company, valued at approximately $8,621,686.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 10.20% of the company’s stock.

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About Appliance Recycling Cntrs of Amer (NASDAQ:ARCI)

Appliance Recycling Centers of America, Inc, together with its subsidiaries, engages in the recycle of household appliances in North America. The company operates in two segments, Recycling and Technology. It engages in collecting, recycling, and installing appliances for utilities and other customers.

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