Arcontech Group (LON:ARC) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Arcontech Group plc (LON:ARC)’s share price 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 trading hands.

Arcontech Group Trading Up 0.4 %

The firm has a 50-day moving average price of GBX 119.09 and a 200-day moving average price of GBX 108.87. 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 has a market capitalization of £16.24 million, a PE ratio of 1,518.75 and a beta of 0.46.

Insider Buying and Selling

In other news, insider Matthew Jeffs acquired 50,000 shares of Arcontech Group stock in a transaction on Thursday, November 7th. The stock was acquired at an average cost of GBX 120 ($1.51) per share, with a total value of £60,000 ($75,253.98). 54.50% of the stock is currently owned by corporate insiders.

Arcontech Group Company Profile

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.