Arcontech Group (LON:ARC) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Arcontech Group plc (LON:ARC)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 90.29 and traded as high as GBX 95. Arcontech Group shares last traded at GBX 94.95, with a volume of 28,391 shares trading hands.

Arcontech Group Price Performance

The firm has a market capitalization of £12.33 million, a price-to-earnings ratio of 13.14 and a beta of 0.46. The company’s 50 day moving average is GBX 98.18 and its 200 day moving average is GBX 90.51. The company has a quick ratio of 3.54, a current ratio of 4.36 and a debt-to-equity ratio of 6.51.

Arcontech Group (LON:ARC) last posted its quarterly earnings data on Wednesday, September 10th. The company reported GBX 6.70 earnings per share (EPS) for the quarter. Arcontech Group had a net margin of 36.69% and a return on equity of 13.37%. On average, equities research analysts anticipate that Arcontech Group plc will post 5.8982684 earnings per share for the current fiscal year.

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.