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

Arcontech Group plc (LON:ARC)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-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 traded.

Arcontech Group Trading Down 1.6%

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

Arcontech Group (LON:ARC) last released its earnings results on Monday, September 14th. The company reported GBX 5.90 EPS for the quarter. Arcontech Group had a return on equity of 9.48% and a net margin of 30.39%. As a group, research analysts predict that Arcontech Group plc will post 5.90 earnings per share for the current fiscal year.

Arcontech Group Company Profile

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.