Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report)'s share price was up 8.9% during trading on Wednesday . The company traded as high as $41.20 and last traded at $40.45. Approximately 358,219 shares traded hands during trading, a decline of 34% from the average daily volume of 543,109 shares. The stock had previously closed at $37.14.
Arqit Quantum Price Performance
The company has a 50-day moving average price of $23.02 and a two-hundred day moving average price of $21.76.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported ($1.35) EPS for the quarter. As a group, analysts anticipate that Arqit Quantum Inc. will post -1.39 EPS for the current year.
Institutional Trading of Arqit Quantum
Several hedge funds and other institutional investors have recently made changes to their positions in ARQQ. Barclays PLC bought a new position in shares of Arqit Quantum during the 4th quarter valued at $39,000. Envestnet Asset Management Inc. bought a new stake in Arqit Quantum during the fourth quarter valued at about $420,000. Wells Fargo & Company MN bought a new stake in Arqit Quantum during the fourth quarter valued at about $134,000. Geode Capital Management LLC purchased a new position in shares of Arqit Quantum during the fourth quarter valued at about $280,000. Finally, Marshall Wace LLP purchased a new position in shares of Arqit Quantum during the fourth quarter valued at about $1,083,000. Hedge funds and other 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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