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

Arcontech Group plc (LON:ARC)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 112.78 ($1.40) and traded as high as GBX 117.50 ($1.46). Arcontech Group shares last traded at GBX 112.13 ($1.40), with a volume of 8,949 shares changing hands.

Arcontech Group Price Performance

The company has a debt-to-equity ratio of 6.50, a quick ratio of 3.54 and a current ratio of 4.36. The business has a 50-day simple moving average of GBX 121.76 and a 200 day simple moving average of GBX 112.78. The firm has a market cap of £14.99 million, a P/E ratio of 1,401.56 and a beta of 0.46.

Insider Activity

In related news, insider Matthew Jeffs bought 50,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was purchased at an average cost of GBX 120 ($1.49) per share, with a total value of £60,000 ($74,654.72). Insiders own 54.50% of the company’s stock.

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.