Arcontech Group (LON:ARC) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Arcontech Group plc (LON:ARC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 110.58 ($1.35) and traded as high as GBX 121.50 ($1.48). Arcontech Group shares last traded at GBX 119.26 ($1.46), with a volume of 400 shares trading hands.

Arcontech Group Price Performance

The stock has a 50-day moving average of GBX 121.47 and a two-hundred day moving average of GBX 110.76. The firm has a market cap of £15.95 million, a price-to-earnings ratio of 1,490.75 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.

Insiders Place Their Bets

In other Arcontech Group news, insider Matthew Jeffs bought 50,000 shares of Arcontech Group stock in a transaction dated Thursday, November 7th. The stock was bought at an average price of GBX 120 ($1.47) per share, for a total transaction of £60,000 ($73,260.07). Corporate insiders own 54.50% of the company’s stock.

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.