Arcontech Group (LON:ARC) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Arcontech Group plc (LON:ARC) shares 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 Up 0.2 %

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 company’s fifty day simple moving average is GBX 122.29 and its 200 day simple moving average is GBX 111.72. The firm has a market capitalization of £16.00 million, a PE ratio of 1,496.25 and a beta of 0.46.

Insiders Place Their Bets

In other Arcontech Group news, insider Matthew Jeffs bought 50,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was 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.

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.