Arcontech Group (LON:ARC) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Arcontech Group plc (LON:ARC) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 108.62 ($1.36) and traded as high as GBX 121.50 ($1.52). Arcontech Group shares last traded at GBX 121.50 ($1.52), with a volume of 4,500 shares changing hands.

Arcontech Group Stock Up 0.4 %

The company has a current ratio of 4.36, a quick ratio of 3.54 and a debt-to-equity ratio of 6.50. The stock’s 50-day moving average price is GBX 119.09 and its 200-day moving average price is GBX 108.87. The company has a market cap of £16.24 million, a P/E ratio of 1,518.75 and a beta of 0.46.

Insiders Place Their Bets

In other Arcontech Group news, insider Matthew Jeffs bought 50,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average cost of GBX 120 ($1.51) per share, with a total value of £60,000 ($75,253.98). Corporate 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.