Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) shares were up 3.8% during mid-day trading on Tuesday . The company traded as high as $37.96 and last traded at $37.94. Approximately 535,500 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 591,460 shares. The stock had previously closed at $36.54.
Arqit Quantum Price Performance
The firm has a 50-day simple moving average of $30.14 and a 200 day simple moving average of $22.40.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The company reported ($1.35) earnings per share (EPS) for the quarter. On average, equities research analysts anticipate that Arqit Quantum Inc. will post -1.39 EPS for the current fiscal year.
Institutional Trading of Arqit Quantum
A number of institutional investors and hedge funds have recently bought and sold shares of ARQQ. Quarry LP acquired a new stake in shares of Arqit Quantum during the fourth quarter worth $30,000. Barclays PLC bought a new position in shares of Arqit Quantum during the 4th quarter worth approximately $39,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Arqit Quantum during the 1st quarter worth approximately $40,000. Wells Fargo & Company MN acquired a new position in shares of Arqit Quantum during the 4th quarter valued at $134,000. Finally, Hussman Strategic Advisors Inc. acquired a new position in shares of Arqit Quantum during the first quarter valued at about $146,000. 16.60% of the stock is currently owned by institutional investors and hedge funds.
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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