Arcontech Group (LON:ARC) Reaches New 52-Week Low – Here’s Why

Shares of Arcontech Group plc (LON:ARC) hit a new 52-week low on Thursday . The company traded as low as GBX 70.50 and last traded at GBX 72.88, with a volume of 46762 shares changing hands. The stock had previously closed at GBX 74.

Arcontech Group Stock Down 1.5%

The firm’s fifty day moving average price is GBX 80.56 and its 200-day moving average price is GBX 88.08. The company has a market capitalization of £9.75 million, a price-to-earnings ratio of 11.93 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 net margin of 27.01% and a return on equity of 9.46%. Sell-side analysts expect that Arcontech Group plc will post 5.8982684 earnings per share for the current fiscal year.

Insider Activity at Arcontech Group

In related news, insider Matthew Jeffs acquired 20,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was purchased at an average cost of GBX 76 per share, with a total value of £15,200. 54.50% of the stock is currently owned by insiders.

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.