Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 228,999 shares were traded during mid-day trading, a decline of 47% from the previous session's volume of 430,383 shares.The stock last traded at $43.75 and had previously closed at $38.02.
Analyst Upgrades and Downgrades
Separately, HC Wainwright increased their price objective on shares of Arqit Quantum from $27.00 to $52.00 and gave the stock a "buy" rating in a report on Tuesday.
Check Out Our Latest Stock Analysis on ARQQ
Arqit Quantum Stock Up 4.3 %
The stock's fifty day simple moving average is $20.24 and its two-hundred day simple moving average is $11.90.
Institutional Investors Weigh In On Arqit Quantum
An institutional investor recently bought a new position in Arqit Quantum stock. Cowen AND Company LLC bought a new stake in shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 100,000 shares of the company's stock, valued at approximately $34,000. Cowen AND Company LLC owned approximately 0.06% of Arqit Quantum at the end of the most recent quarter. Institutional investors own 16.60% of the company's stock.
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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