Arcontech Group (LON:ARC) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Arcontech Group plc (LON:ARC) shares passed 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 traded.

Arcontech Group Stock Performance

The stock has a market cap of £15.95 million, a price-to-earnings ratio of 1,490.75 and a beta of 0.46. The stock’s 50-day simple moving average is GBX 121.30 and its two-hundred day simple moving average is GBX 110.58. 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 purchased 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, for a total transaction of £60,000 ($73,827.98). 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.