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

Arcontech Group plc (LON:ARC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 84.72 ($1.14) and traded as high as GBX 88.50 ($1.20). Arcontech Group shares last traded at GBX 86.15 ($1.16), with a volume of 5,702 shares.

Arcontech Group Stock Down 2.7%

The firm has a market capitalization of £11.52 million, a price-to-earnings ratio of 1,105.91 and a beta of 0.46. The business has a 50 day simple moving average of GBX 89.19 and a 200-day simple moving average of GBX 84.72. The company has a debt-to-equity ratio of 6.51, a quick ratio of 3.54 and a current ratio of 4.36.

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.