Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 42,033 shares changed hands during mid-day trading, a decline of 32% from the previous session's volume of 61,958 shares.The stock last traded at $8.14 and had previously closed at $7.34.
Wall Street Analyst Weigh In
Separately, HC Wainwright restated a "buy" rating and issued a $50.00 price objective on shares of Arqit Quantum in a report on Thursday, July 11th.
Read Our Latest Report on ARQQ
Arqit Quantum Price Performance
The company has a fifty day moving average price of $2.19 and a two-hundred day moving average price of $1.03.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Arqit Quantum stock. Cowen AND Company LLC purchased a new stake in Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 reporting period. Institutional investors and hedge funds own 16.60% of the company's stock.
About Arqit Quantum
(
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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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