Arcontech Group (LON:ARC) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Arcontech Group plc (LON:ARC) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 110.58 ($1.35) and traded as high as GBX 121.50 ($1.48). Arcontech Group shares last traded at GBX 119.26 ($1.46), with a volume of 400 shares trading hands.

Arcontech Group Price Performance

The company has a debt-to-equity ratio of 6.50, a quick ratio of 3.54 and a current ratio of 4.36. The firm has a market capitalization of £15.95 million, a P/E ratio of 1,490.75 and a beta of 0.46. The company has a 50-day moving average price of GBX 121.47 and a 200-day moving average price of GBX 110.76.

Insiders Place Their Bets

In other news, insider Matthew Jeffs purchased 50,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were purchased at an average price of GBX 120 ($1.47) per share, with a total value of £60,000 ($73,260.07). Corporate 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.