Arcontech Group (LON:ARC) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Arcontech Group plc (LON:ARC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 110.58 ($1.36) and traded as high as GBX 121.50 ($1.50). Arcontech Group shares last traded at GBX 119.26 ($1.47), with a volume of 400 shares.

Arcontech Group Price Performance

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 company’s 50-day moving average price is GBX 121.30 and its two-hundred day moving average price is GBX 110.58. The company has a market cap of £15.95 million, a P/E ratio of 1,490.75 and a beta of 0.46.

Insider Buying and Selling at Arcontech Group

In other Arcontech Group news, insider Matthew Jeffs purchased 50,000 shares of Arcontech Group stock in a transaction dated Thursday, November 7th. The shares were bought at an average cost of GBX 120 ($1.48) per share, for a total transaction of £60,000 ($73,827.98). 54.50% of the stock is currently owned by insiders.

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.