Arcontech Group (LON:ARC) Trading Down 0.4% – Here’s Why

Arcontech Group plc (LON:ARC)’s stock price was down 0.4% during mid-day trading on Tuesday . The stock traded as low as GBX 124.03 ($1.55) and last traded at GBX 125 ($1.56). Approximately 4,132 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 17,376 shares. The stock had previously closed at GBX 125.50 ($1.57).

Arcontech Group Trading Down 1.6 %

The firm has a market cap of £16.25 million, a price-to-earnings ratio of 1,519.38 and a beta of 0.46. The business has a 50 day moving average of GBX 118.02 and a 200 day moving average of GBX 108.10. The company has a quick ratio of 3.54, a current ratio of 4.36 and a debt-to-equity ratio of 6.50.

Insiders Place Their Bets

In other Arcontech Group news, insider Matthew Jeffs purchased 50,000 shares of Arcontech Group stock in a transaction on Thursday, November 7th. The shares were bought at an average price of GBX 120 ($1.50) per share, with a total value of £60,000 ($74,990.63). 54.50% of the stock is owned by corporate insiders.

About Arcontech Group

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.