Arcontech Group (LON:ARC) Hits New 52-Week High at $126.00

Arcontech Group plc (LON:ARC) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 126 ($1.66) and last traded at GBX 123.80 ($1.63), with a volume of 42779 shares traded. The stock had previously closed at GBX 118.50 ($1.56).

Arcontech Group Price Performance

The firm has a market cap of £16.55 million, a price-to-earnings ratio of 1,316.67 and a beta of 0.47. The company has a quick ratio of 3.54, a current ratio of 4.40 and a debt-to-equity ratio of 7.17. The company’s 50-day moving average price is GBX 97.27 and its 200-day moving average price is GBX 100.73.

Arcontech Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 3.75 ($0.05) per share. This represents a dividend yield of 3.83%. The ex-dividend date is Thursday, October 3rd. This is a boost from Arcontech Group’s previous dividend of $3.50. Arcontech Group’s dividend payout ratio is currently 4,444.44%.

About Arcontech Group

Arcontech Group plc, together with its subsidiaries, develops and sells proprietary software in the United Kingdom, rest of Europe, Africa, North America, Australia, and the Asia Pacific. Its products include Excelerator Desktop that provides a graphical user interface, which integrates various internal and external real-time data sources into a single-screen format; CityVision, a market data platform for real-time data reception, transformation, and publishing; and CityVision Multi Vendor Contribution System that offers the ability to contribute data to various destinations, including Refinitiv, Bloomberg, ICE, and Six.