Aquis Exchange (LON:AQX) Reaches New 12-Month High – Still a Buy?

Aquis Exchange PLC (LON:AQX) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 710 ($8.96) and last traded at GBX 700 ($8.84), with a volume of 50502 shares traded. The stock had previously closed at GBX 700 ($8.84).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 960 ($12.12) price objective on shares of Aquis Exchange in a report on Thursday, September 12th.

Aquis Exchange Stock Performance

The business’s 50 day simple moving average is GBX 505.73 and its 200 day simple moving average is GBX 468.57. The company has a debt-to-equity ratio of 9.49, a current ratio of 5.40 and a quick ratio of 3.46. The company has a market capitalization of £157.43 million, a price-to-earnings ratio of 3,888.89 and a beta of 0.80.

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.