Arqit Quantum Inc. (NASDAQ:ARQQ – Get Free Report) shares fell 5% during trading on Friday . The stock traded as low as $7.03 and last traded at $7.03. 99,916 shares traded hands during trading, an increase of 56% from the average session volume of 64,017 shares. The stock had previously closed at $7.40.
Analyst Upgrades and Downgrades
Separately, HC Wainwright restated a “buy” rating and issued a $50.00 price objective on shares of Arqit Quantum in a research report on Thursday, July 11th.
Check Out Our Latest Stock Analysis on Arqit Quantum
Arqit Quantum Stock Down 4.7 %
Institutional Investors Weigh In On Arqit Quantum
A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC acquired a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 SEC filing. Hedge funds and other institutional investors 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.
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