Arcontech Group (LON:ARC) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Arcontech Group plc (LON:ARC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 111.58 ($1.36) and traded as high as GBX 119.70 ($1.46). Arcontech Group shares last traded at GBX 119.70 ($1.46), with a volume of 10,281 shares.

Arcontech Group Stock Performance

The company’s 50 day simple moving average is GBX 122.29 and its 200 day simple moving average is GBX 111.58. The stock has a market cap of £16.00 million, a PE ratio of 1,496.25 and a beta of 0.46. The company has a debt-to-equity ratio of 6.50, a quick ratio of 3.54 and a current ratio of 4.36.

Insider Activity at Arcontech Group

In related news, insider Matthew Jeffs bought 50,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were purchased at an average cost of GBX 120 ($1.46) per share, for a total transaction of £60,000 ($73,001.58). 54.50% of the stock is currently owned by company 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.