Arqit Quantum (NASDAQ:ARQQW) Shares Down 9.4% – Time to Sell?

Arqit Quantum Inc. (NASDAQ:ARQQWGet Free Report)’s share price dropped 9.4% during mid-day trading on Friday . The company traded as low as $0.45 and last traded at $0.48. Approximately 60,064 shares were traded during trading, an increase of 132% from the average daily volume of 25,932 shares. The stock had previously closed at $0.53.

Arqit Quantum Stock Performance

The business’s 50 day moving average price is $0.21 and its two-hundred day moving average price is $0.14.

Arqit Quantum Company Profile

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Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.

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