Cowen AND Company LLC purchased a new stake in shares of Arqit Quantum Inc. (NASDAQ:ARQQ – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 100,000 shares of the company’s stock, valued at approximately $34,000.
Arqit Quantum Price Performance
NASDAQ:ARQQ opened at $0.28 on Tuesday. Arqit Quantum Inc. has a fifty-two week low of $0.28 and a fifty-two week high of $0.92. The company has a 50 day simple moving average of $0.34 and a two-hundred day simple moving average of $0.46.
Wall Street Analyst Weigh In
Separately, HC Wainwright reaffirmed a “buy” rating and set a $2.00 target price on shares of Arqit Quantum in a research report on Thursday, July 11th.
About Arqit Quantum
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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