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

Arqit Quantum Inc. (NASDAQ:ARQQ) shares are going 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 Price Performance

Shares of Arqit Quantum stock opened at $0.24 on Monday. The company’s fifty day simple moving average is $0.33 and its two-hundred day simple moving average is $0.43. Arqit Quantum has a 12-month low of $0.23 and a 12-month high of $0.92.

Analyst Ratings Changes

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

Institutional Trading of Arqit Quantum

A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC acquired a new position in Arqit Quantum Inc. (NASDAQ:ARQQ) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $34,000. Cowen AND Company LLC owned 0.06% of Arqit Quantum as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 16.60% of the company’s stock.

Arqit Quantum Company Profile

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.