Arqit Quantum (NASDAQ:ARQQ) Posts Quarterly Earnings Results

Arqit Quantum (NASDAQ:ARQQ) posted its quarterly earnings data on Thursday. The company reported ($1.35) EPS for the quarter, reports.

Arqit Quantum Trading Down 4.4%

NASDAQ:ARQQ opened at $24.76 on Friday. Arqit Quantum has a 12 month low of $3.72 and a 12 month high of $52.79. The firm has a fifty day simple moving average of $16.17 and a 200-day simple moving average of $19.17.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Arqit Quantum stock. Royal Bank of Canada grew its position in Arqit Quantum Inc. (NASDAQ:ARQQ) by 222.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,550 shares of the company’s stock after purchasing an additional 14,186 shares during the period. Royal Bank of Canada owned approximately 0.16% of Arqit Quantum worth $284,000 at the end of the most recent quarter. 16.60% of the stock is currently owned by institutional investors and hedge funds.

About Arqit Quantum

Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.