Business
Why the ARB Corp (ASX:ARB) share price popped today // The Motley Fool Australia
The ARB Corporation Limited (ASX: ARB) share price rose by almost 5% today, with ARB shares closing the day’s trade at $32.58 per share.
The company is Australia’s largest manufacturer and distributor of 4×4 accessories. ARB’s product range contains an assortment of different vehicle accessories including bull bars, canopies, roof racks and driving lights.
What’s been moving the ARB Corp share price?
Following the release of the company’s unaudited half year sales results on 12 January, the ARB Corp share price has been bouncing up and down.
Some analysts believe ARB is on the right track, with seven granting a ‘buy’ rating, according to Nabtrade data.
The ARB Corp share price has boomed over 63% higher during the…
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