Accsys Technologies (LON:AXS) Stock Price Up 10.6% – Here’s What Happened

Accsys Technologies PLC (LON:AXS)’s share price rose 10.6% during mid-day trading on Tuesday . The stock traded as high as GBX 48.90 ($0.62) and last traded at GBX 47.60 ($0.60). Approximately 304,069 shares changed hands during mid-day trading, an increase of 398% from the average daily volume of 61,055 shares. The stock had previously closed at GBX 43.05 ($0.55).

Accsys Technologies Price Performance

The firm has a market cap of £113.74 million, a P/E ratio of -672.90 and a beta of 1.32. The stock’s 50-day moving average is GBX 48.96 and its 200-day moving average is GBX 52.89. The company has a quick ratio of 0.59, a current ratio of 2.71 and a debt-to-equity ratio of 54.32.

Insiders Place Their Bets

In other Accsys Technologies news, insider Jelena Arsic van Os sold 53,991 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of GBX 51 ($0.65), for a total value of £27,535.41 ($34,907.97). Company insiders own 27.89% of the company’s stock.

About Accsys Technologies

Accsys Technologies PLC, together with its subsidiaries, engages in the production and sale of solid wood and wood elements in the United Kingdom, Ireland, rest of Europe, the Americas, and internationally. It offers solid acetylated wood for use in windows, doors, shutters, decking, and cladding under the Accoya brand; and wood chips to manufacture panel products under the Tricoya brand.