Arqit Quantum Inc. (NASDAQ:ARQQ – Get Rating)'s share price was up 5.3% during trading on Friday . The stock traded as high as $7.35 and last traded at $7.35. Approximately 2,914 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 590,827 shares. The stock had previously closed at $6.98.
Arqit Quantum Stock Up 5.3 %
The company has a 50 day moving average price of $6.21 and a 200 day moving average price of $6.21.
Get Arqit Quantum alerts:Institutional Investors Weigh In On Arqit Quantum
Institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG raised its holdings in shares of Arqit Quantum by 438.1% in the 3rd quarter. UBS Group AG now owns 5,273 shares of the company's stock valued at $30,000 after buying an additional 4,293 shares during the period. US Bancorp DE raised its holdings in shares of Arqit Quantum by 4,755.6% in the 2nd quarter. US Bancorp DE now owns 12,139 shares of the company's stock valued at $76,000 after buying an additional 11,889 shares during the period. Raymond James & Associates purchased a new stake in shares of Arqit Quantum in the 3rd quarter valued at $76,000. Millennium Management LLC raised its holdings in shares of Arqit Quantum by 176.6% in the 2nd quarter. Millennium Management LLC now owns 15,329 shares of the company's stock valued at $97,000 after buying an additional 35,329 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of Arqit Quantum in the 2nd quarter valued at $158,000. Hedge funds and other institutional investors own 2.15% of the company's stock.
Arqit Quantum Company Profile
(Get Rating)Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud that enables any device to download a lightweight software agent, which can create encryption keys in partnership with any other device. The company is based in London, the United Kingdom.
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