Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 4,346 call options on the company. This is an increase of 193% compared to the typical daily volume of 1,483 call options.
Institutional Trading of Arqit Quantum
Institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Arqit Quantum during the 4th quarter valued at approximately $30,000. Barclays PLC purchased a new stake in shares of Arqit Quantum during the 4th quarter valued at approximately $39,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Arqit Quantum during the 1st quarter valued at approximately $40,000. Wells Fargo & Company MN purchased a new stake in shares of Arqit Quantum during the 4th quarter valued at approximately $134,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Arqit Quantum during the 4th quarter valued at approximately $166,000. Hedge funds and other institutional investors own 16.60% of the company's stock.
Arqit Quantum Trading Up 9.8%
ARQQ traded up $3.71 during trading on Friday, reaching $41.68. The company's stock had a trading volume of 3,881,146 shares, compared to its average volume of 532,359. The firm has a fifty day simple moving average of $21.12 and a two-hundred day simple moving average of $21.31. Arqit Quantum has a 1 year low of $3.72 and a 1 year high of $52.79.
Arqit Quantum (NASDAQ:ARQQ - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported ($1.35) earnings per share for the quarter. Analysts expect that Arqit Quantum will post -1.39 EPS for the current fiscal year.
Arqit Quantum Company Profile
(
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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