Arcontech Group (LON:ARC) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Arcontech Group plc (LON:ARC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 109.63 ($1.37) and traded as high as GBX 121 ($1.51). Arcontech Group shares last traded at GBX 118.36 ($1.48), with a volume of 698 shares traded.

Arcontech Group Stock Performance

The stock has a market cap of £15.82 million, a price-to-earnings ratio of 1,479.50 and a beta of 0.46. The firm has a fifty day simple moving average of GBX 119.92 and a 200 day simple moving average of GBX 109.63. The company has a current ratio of 4.36, a quick ratio of 3.54 and a debt-to-equity ratio of 6.50.

Insider Activity at Arcontech Group

In related news, insider Matthew Jeffs acquired 50,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was purchased at an average cost of GBX 120 ($1.50) per share, for a total transaction of £60,000 ($75,075.08). 54.50% of the stock is currently owned by 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.