Arcontech Group (LON:ARC) Stock Price Crosses Above Two Hundred 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 Wednesday . The stock has a two hundred day moving average of GBX 109.63 ($1.36) and traded as high as GBX 121 ($1.50). Arcontech Group shares last traded at GBX 118.36 ($1.47), with a volume of 698 shares.

Arcontech Group Stock Performance

The stock’s 50 day moving average is GBX 120.10 and its two-hundred day moving average is GBX 109.78. The stock has a market capitalization of £15.78 million, a price-to-earnings ratio of 1,475.00 and a beta of 0.46. The company has a current ratio of 4.36, a quick ratio of 3.54 and a debt-to-equity ratio of 6.50.

Insider Buying and Selling

In related news, insider Matthew Jeffs acquired 50,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average price of GBX 120 ($1.49) per share, with a total value of £60,000 ($74,266.62). 54.50% of the stock is currently owned by corporate insiders.

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.