Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s stock price shot up 10% during trading on Friday . The stock traded as high as $32.88 and last traded at $33.28. 483,577 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 706,611 shares. The stock had previously closed at $30.26.
Arqit Quantum Price Performance
The company's 50 day moving average is $33.56 and its 200 day moving average is $25.44.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Penserra Capital Management LLC purchased a new position in shares of Arqit Quantum in the second quarter worth about $26,376,000. Legal & General Group Plc bought a new stake in Arqit Quantum during the 2nd quarter valued at $2,687,000. Virtu Financial LLC increased its position in Arqit Quantum by 440.7% during the 1st quarter. Virtu Financial LLC now owns 32,208 shares of the company's stock valued at $446,000 after purchasing an additional 26,251 shares during the period. Raymond James Financial Inc. grew its position in shares of Arqit Quantum by 120.6% in the 2nd quarter. Raymond James Financial Inc. now owns 45,397 shares of the company's stock worth $1,681,000 after buying an additional 24,822 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Arqit Quantum in the 4th quarter worth about $931,000. 16.60% of the stock is owned by institutional investors.
About Arqit Quantum
(
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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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