Arcontech Group (LON:ARC) Shares Pass 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 111.58 ($1.36) and traded as high as GBX 119.70 ($1.46). Arcontech Group shares last traded at GBX 119.70 ($1.46), with a volume of 10,281 shares trading hands.

Arcontech Group Trading Up 0.2 %

The firm has a market cap of £16.00 million, a P/E ratio of 1,496.25 and a beta of 0.46. The company has a debt-to-equity ratio of 6.50, a current ratio of 4.36 and a quick ratio of 3.54. The stock has a 50 day moving average of GBX 122.29 and a 200 day moving average of GBX 111.72.

Insider Activity

In related news, insider Matthew Jeffs acquired 50,000 shares of Arcontech Group stock in a transaction dated Thursday, November 7th. The shares were purchased at an average cost of GBX 120 ($1.46) per share, with a total value of £60,000 ($73,001.58). Insiders own 54.50% of the company’s stock.

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.