Arcontech Group (LON:ARC) Stock Crosses Above 200 Day Moving Average – What’s Next?

Arcontech Group plc (LON:ARC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Arcontech Group Stock Down 1.8 %

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

Insider Activity

In related news, insider Matthew Jeffs acquired 50,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were bought at an average cost of GBX 120 ($1.48) per share, with a total value of £60,000 ($73,827.98). Corporate 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.