Arqit Quantum Stock to Reverse Split on Wednesday, September 25th (NASDAQ:ARQQ)

Arqit Quantum Inc. (NASDAQ:ARQQ)’s stock is set to reverse split on Wednesday, September 25th. The 1-25 reverse split was announced on Thursday, September 19th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, September 24th.

Arqit Quantum Stock Down 5.0 %

Arqit Quantum stock opened at $0.24 on Friday. Arqit Quantum has a twelve month low of $0.23 and a twelve month high of $0.92. The stock’s fifty day simple moving average is $0.33 and its 200-day simple moving average is $0.43.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $2.00 price target on shares of Arqit Quantum in a report on Thursday, July 11th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC acquired a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 100,000 shares of the company’s stock, valued at approximately $34,000. Cowen AND Company LLC owned about 0.06% of Arqit Quantum at the end of the most recent quarter. 16.60% of the stock is owned by institutional investors.

About Arqit Quantum

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.