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

Arcontech Group plc (LON:ARC) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 111.58 ($1.36) and traded as high as GBX 119.70 ($1.46). Arcontech Group shares last traded at GBX 119.70 ($1.46), with a volume of 10,281 shares changing hands.

Arcontech Group Price Performance

The firm’s fifty day simple moving average is GBX 122.29 and its 200 day simple moving average is GBX 111.72. The firm has a market cap of £16.00 million, a P/E ratio of 1,496.25 and a beta of 0.46. The company has a debt-to-equity ratio of 6.50, a quick ratio of 3.54 and a current ratio of 4.36.

Insider Buying and Selling at Arcontech Group

In other Arcontech Group news, insider Matthew Jeffs purchased 50,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average price of GBX 120 ($1.46) per share, with a total value of £60,000 ($73,001.58). 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.