Arqit Quantum (NASDAQ:ARQQW) Shares Down 18.3% – Here’s Why

Arqit Quantum Inc. (NASDAQ:ARQQWGet Free Report) shares traded down 18.3% on Tuesday . The stock traded as low as $2.65 and last traded at $2.90. 313,260 shares changed hands during trading, a decline of 14% from the average session volume of 364,515 shares. The stock had previously closed at $3.55.

Arqit Quantum Price Performance

The company’s fifty day moving average is $1.00 and its 200-day moving average is $0.41.

About Arqit Quantum

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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.

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