Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $43.31, but opened at $41.85. Arqit Quantum shares last traded at $41.39, with a volume of 328,649 shares changing hands.
Arqit Quantum Stock Performance
The business's 50 day simple moving average is $30.14 and its 200-day simple moving average is $22.17.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported ($1.35) earnings per share (EPS) for the quarter. Equities research analysts expect that Arqit Quantum Inc. will post -1.39 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in Arqit Quantum in the 4th quarter worth $231,000. BIT Capital GmbH bought a new position in Arqit Quantum in the 4th quarter worth $207,000. CIBC Private Wealth Group LLC bought a new position in Arqit Quantum in the 4th quarter worth $388,000. Geode Capital Management LLC bought a new position in Arqit Quantum in the 4th quarter worth $280,000. Finally, Biltmore Family Office LLC raised its holdings in Arqit Quantum by 57.2% in the 4th quarter. Biltmore Family Office LLC now owns 7,202 shares of the company's stock worth $280,000 after acquiring an additional 2,620 shares during the period. Institutional investors own 16.60% of the company's stock.
Arqit Quantum Company Profile
(
Get Free Report)
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.
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