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

by · The Markets Daily

Arcontech Group plc (LON:ARC – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Arcontech Group Price Performance

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

Insider Transactions at Arcontech Group

In related news, insider Matthew Jeffs purchased 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average cost of GBX 120 ($1.47) per share, for a total transaction of £60,000 ($73,260.07). Corporate insiders own 54.50% of the company’s stock.

About Arcontech Group

(Get Free Report)

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.

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