Arcontech Group (LON:ARC) Shares Down 1.4% – Here’s Why

Arcontech Group plc (LON:ARC) shares were down 1.4% during trading on Thursday . The stock traded as low as GBX 80.03 and last traded at GBX 82.35. Approximately 12,478 shares traded hands during trading, a decline of 21% from the average daily volume of 15,870 shares. The stock had previously closed at GBX 83.50.

Arcontech Group Stock Performance

The stock has a fifty day simple moving average of GBX 84.49 and a two-hundred day simple moving average of GBX 90.66. The company has a debt-to-equity ratio of 6.51, a quick ratio of 3.54 and a current ratio of 4.36. The stock has a market cap of £10.50 million, a price-to-earnings ratio of 11.18 and a beta of 0.46.

Arcontech Group (LON:ARC) last announced its quarterly earnings results on Thursday, February 5th. The company reported GBX 2.77 earnings per share (EPS) for the quarter. Arcontech Group had a net margin of 36.69% and a return on equity of 13.37%. Analysts expect that Arcontech Group plc will post 5.8982684 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arcontech Group news, insider Matthew Jeffs bought 20,000 shares of Arcontech Group stock in a transaction on Thursday, February 5th. The shares were purchased at an average cost of GBX 76 per share, with a total value of £15,200. 54.50% of the stock is owned by corporate 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.