Arcontech Group (LON:ARC) Stock Crosses Below 200-Day Moving Average – Here’s Why

Arcontech Group plc (LON:ARC) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 86.91 and traded as low as GBX 71. Arcontech Group shares last traded at GBX 75.50, with a volume of 37,642 shares traded.

Arcontech Group Stock Performance

The business has a 50-day moving average of GBX 79.40 and a two-hundred day moving average of GBX 86.91. The company has a market cap of £10.16 million, a P/E ratio of 12.44 and a beta of 0.46. The company has a debt-to-equity ratio of 4.29, a current ratio of 4.43 and a quick ratio of 3.54.

Arcontech Group (LON:ARC) last issued its quarterly earnings data on Thursday, February 5th. The company reported GBX 2.77 earnings per share for the quarter. Arcontech Group had a return on equity of 9.46% and a net margin of 27.01%. On average, sell-side analysts predict that Arcontech Group plc will post 5.8982684 EPS for the current fiscal year.

Insider Activity at Arcontech Group

In other news, insider Matthew Jeffs acquired 20,000 shares of Arcontech Group stock in a transaction that occurred on Thursday, February 5th. The stock was purchased at an average price of GBX 76 per share, for a total transaction of £15,200. 54.50% of the stock is currently owned by company 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.