Arcontech Group (LON:ARC) Trading Down 0.4% – Here’s What Happened

Arcontech Group plc (LON:ARC) shares fell 0.4% on Tuesday . The stock traded as low as GBX 124.03 ($1.58) and last traded at GBX 125 ($1.59). 4,132 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 17,376 shares. The stock had previously closed at GBX 125.50 ($1.60).

Arcontech Group Trading Down 0.4 %

The stock has a market capitalization of £16.71 million, a P/E ratio of 1,562.50 and a beta of 0.46. The company has a quick ratio of 3.54, a current ratio of 4.36 and a debt-to-equity ratio of 6.50. The stock’s 50 day moving average price is GBX 117.34 and its 200-day moving average price is GBX 107.82.

Insiders Place Their Bets

In related news, insider Matthew Jeffs acquired 50,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was acquired at an average cost of GBX 120 ($1.53) per share, for a total transaction of £60,000 ($76,277.65). 54.50% of the stock is currently 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.