Aquis Exchange (LON:AQX) Reaches New 12-Month High – Here’s Why

Aquis Exchange PLC (LON:AQX) reached a new 52-week high on Tuesday . The stock traded as high as GBX 710 ($8.92) and last traded at GBX 701 ($8.80), with a volume of 17886 shares trading hands. The stock had previously closed at GBX 705 ($8.85).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 960 ($12.06) price objective on shares of Aquis Exchange in a research note on Thursday, September 12th.

Aquis Exchange Price Performance

The firm has a market capitalization of £157.65 million, a P/E ratio of 3,888.89 and a beta of 0.80. The stock’s fifty day simple moving average is GBX 426.54 and its 200 day simple moving average is GBX 448.49. The company has a debt-to-equity ratio of 9.49, a current ratio of 5.40 and a quick ratio of 3.46.

Aquis Exchange Company Profile

Aquis Exchange PLC operates as a multilateral trading facility in Europe. The company operates through three segments: Aquis Exchange, Aquis Stock Exchange, and Aquis Technologies. The company offers a trading platform with a subscription-based pricing model based on electronic messaging traffic; data services to third party vendors; and access for clients to trade in stocks and ETFs across European markets, as well as licenses its exchange related technology to various international financial services clients across various asset classes.