Arcontech Group (LON:ARC) Stock Price Breaks Below 200 Day Moving Average – Here’s What Happened

Arcontech Group plc (LON:ARC)’s share price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 79.46 and traded as low as GBX 77.12. Arcontech Group shares last traded at GBX 77.25, with a volume of 26,014 shares changing hands.

Arcontech Group Trading Down 1.6%

The firm has a market capitalization of £10.33 million, a PE ratio of 12.38 and a beta of 0.25. The stock’s 50-day moving average price is GBX 81.24 and its 200 day moving average price is GBX 79.46. The company has a debt-to-equity ratio of 3.40, a current ratio of 5.99 and a quick ratio of 3.54.

Arcontech Group (LON:ARC) last announced its quarterly earnings results on Monday, September 14th. The company reported GBX 5.90 earnings per share (EPS) for the quarter. Arcontech Group had a return on equity of 9.48% and a net margin of 30.39%. On average, sell-side analysts expect that Arcontech Group plc will post 5.90 EPS 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.