accesso Technology Group (LON:ACSO) Stock Passes Below 200 Day Moving Average – Time to Sell?

accesso Technology Group plc (LON:ACSO)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 410.82 and traded as low as GBX 331. accesso Technology Group shares last traded at GBX 331, with a volume of 9,268 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ACSO. Peel Hunt reaffirmed an “add” rating and set a GBX 435 target price on shares of accesso Technology Group in a research report on Tuesday, November 25th. Berenberg Bank restated a “buy” rating and issued a GBX 550 price objective on shares of accesso Technology Group in a report on Tuesday, September 9th. Finally, Shore Capital reiterated a “hold” rating on shares of accesso Technology Group in a report on Tuesday, September 9th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 520.

accesso Technology Group Price Performance

The firm has a market capitalization of £124.52 million, a PE ratio of 13.44, a P/E/G ratio of 1.22 and a beta of 1.41. The company has a debt-to-equity ratio of 11.53, a quick ratio of 2.62 and a current ratio of 1.80. The stock has a fifty day moving average price of GBX 345.87 and a 200-day moving average price of GBX 410.10.

Insider Transactions at accesso Technology Group

In related news, insider Brian Nelson bought 50,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were bought at an average price of GBX 348 per share, for a total transaction of £174,000. 35.99% of the stock is owned by company insiders.

About accesso Technology Group

At accesso we believe technology has the power to redefine the guest experience. We provide solutions that empower our clients to create connected guest experiences to drive their business forward