Veracity Capital LLC bought a new stake in Arqit Quantum Inc. (NASDAQ:ARQQ – Free Report) during the fourth quarter, HoldingsChannel reports. The fund bought 10,804 shares of the company’s stock, valued at approximately $420,000.
Arqit Quantum Stock Down 8.2 %
NASDAQ:ARQQ opened at $26.72 on Friday. The firm’s fifty day moving average is $25.28 and its two-hundred day moving average is $13.58. Arqit Quantum Inc. has a one year low of $3.72 and a one year high of $52.79.
Analyst Ratings Changes
Separately, HC Wainwright lifted their price objective on shares of Arqit Quantum from $27.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st.
Arqit Quantum Profile
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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