Arcontech Group (LON:ARC) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of Arcontech Group plc (LON:ARC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 110.58 ($1.36) and traded as high as GBX 121.50 ($1.50). Arcontech Group shares last traded at GBX 119.26 ($1.47), with a volume of 400 shares traded.

Arcontech Group Stock Performance

The company has a market cap of £15.95 million, a P/E ratio of 1,490.75 and a beta of 0.46. The company has a 50 day moving average price of GBX 121.30 and a 200-day moving average price of GBX 110.58. The company has a quick ratio of 3.54, a current ratio of 4.36 and a debt-to-equity ratio of 6.50.

Insider Transactions at Arcontech Group

In other news, insider Matthew Jeffs acquired 50,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was acquired at an average price of GBX 120 ($1.48) per share, for a total transaction of £60,000 ($73,827.98). Company insiders own 54.50% of the company’s stock.

Arcontech Group Company Profile

Arcontech Group plc, together with its subsidiaries, develops and sells proprietary software in the United Kingdom, rest of Europe, Africa, North America, Australia, and the Asia Pacific. Its products include Excelerator Desktop that provides a graphical user interface, which integrates various internal and external real-time data sources into a single-screen format; CityVision, a market data platform for real-time data reception, transformation, and publishing; and CityVision Multi Vendor Contribution System that offers the ability to contribute data to various destinations, including Refinitiv, Bloomberg, ICE, and Six.