Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $37.97, but opened at $42.41. Arqit Quantum shares last traded at $40.27, with a volume of 1,134,934 shares changing hands.
Arqit Quantum Stock Up 4.0%
The firm's 50-day simple moving average is $20.58 and its 200-day simple moving average is $21.23.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported ($1.35) earnings per share for the quarter. Sell-side analysts predict that Arqit Quantum Inc. will post -1.39 earnings per share for the current fiscal year.
Institutional Trading of Arqit Quantum
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Arqit Quantum during the fourth quarter valued at approximately $30,000. Barclays PLC acquired a new position in Arqit Quantum during the fourth quarter worth $39,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Arqit Quantum during the first quarter valued at $40,000. Wells Fargo & Company MN acquired a new stake in shares of Arqit Quantum in the 4th quarter valued at $134,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Arqit Quantum in the 4th quarter worth about $166,000. Institutional investors own 16.60% of the company's stock.
About Arqit Quantum
(
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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