Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s stock price shot up 15.2% during mid-day trading on Monday . The stock traded as high as $46.36 and last traded at $48.80. 305,989 shares were traded during trading, a decline of 50% from the average session volume of 608,718 shares. The stock had previously closed at $42.36.
Arqit Quantum Stock Down 0.1%
The firm's 50 day simple moving average is $30.14 and its two-hundred day simple moving average is $22.17.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The company reported ($1.35) earnings per share for the quarter. Equities analysts expect that Arqit Quantum Inc. will post -1.39 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in Arqit Quantum in the 4th quarter valued at approximately $30,000. Barclays PLC purchased a new stake in Arqit Quantum in the fourth quarter worth $39,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Arqit Quantum during the first quarter valued at $40,000. Wells Fargo & Company MN bought a new stake in shares of Arqit Quantum in the 4th quarter valued at about $134,000. Finally, BIT Capital GmbH purchased a new position in shares of Arqit Quantum during the 4th quarter worth approximately $207,000. Institutional investors and hedge funds 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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