Arcontech Group (LON:ARC) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Arcontech Group plc (LON:ARC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 103.56 ($1.39) and traded as high as GBX 119.50 ($1.60). Arcontech Group shares last traded at GBX 119.50 ($1.60), with a volume of 8,022 shares traded.

Arcontech Group Price Performance

The company has a quick ratio of 3.54, a current ratio of 4.36 and a debt-to-equity ratio of 6.50. The firm has a market capitalization of £15.38 million, a price-to-earnings ratio of 1,437.50 and a beta of 0.46. The stock’s 50 day moving average price is GBX 110.52 and its two-hundred day moving average price is GBX 103.62.

Arcontech Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 3.75 ($0.05) per share. This represents a yield of 3.83%. This is an increase from Arcontech Group’s previous dividend of $3.50. The ex-dividend date of this dividend is Thursday, October 3rd. Arcontech Group’s dividend payout ratio is presently 5,000.00%.

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.