Arcontech Group (LON:ARC) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Arcontech Group plc (LON:ARC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 103.71 ($1.35) and traded as high as GBX 113 ($1.47). Arcontech Group shares last traded at GBX 109.25 ($1.42), with a volume of 5,565 shares trading hands.

Arcontech Group Stock Performance

The firm has a market cap of £14.61 million, a price-to-earnings ratio of 1,365.63 and a beta of 0.46. The company has a debt-to-equity ratio of 6.50, a current ratio of 4.36 and a quick ratio of 3.54. The firm has a fifty day simple moving average of GBX 113.24 and a two-hundred day simple moving average of GBX 103.71.

Arcontech Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be issued a dividend of GBX 3.75 ($0.05) per share. This represents a yield of 3.83%. This is a positive change from Arcontech Group’s previous dividend of $3.50. The ex-dividend date is Thursday, October 3rd. Arcontech Group’s dividend payout ratio (DPR) is 5,000.00%.

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.