Accsys Technologies (LON:AXS) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Accsys Technologies PLC (LON:AXS) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 61.52 and traded as high as GBX 62. Accsys Technologies shares last traded at GBX 61.40, with a volume of 1,525,389 shares trading hands.

Analysts Set New Price Targets

Separately, Panmure Gordon restated a “buy” rating and set a GBX 100 target price on shares of Accsys Technologies in a research report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Accsys Technologies has a consensus rating of “Buy” and an average target price of GBX 100.

Accsys Technologies Stock Performance

The company has a current ratio of 2.71, a quick ratio of 0.59 and a debt-to-equity ratio of 54.32. The firm’s fifty day moving average price is GBX 61.52 and its two-hundred day moving average price is GBX 62.19. The stock has a market capitalization of £148.75 million, a PE ratio of 61.40 and a beta of 1.32.

Accsys Technologies Company Profile

Accsys is a fast growing business with a purpose.

We combine chemistry, technology and ingenuity to make high performance wood products that are extremely durable and stable, opening new opportunities for the built environment.

By doing so, we give the world a choice to build sustainably.

We use fast growing, sustainably sourced timber to create long life wood products with properties that can compete with traditional non-sustainable building materials, such as tropical hardwoods, metal, plastic and concrete.

Our acetylation process boosts the already naturally occurring acetyl content of wood and by doing so, reduces the ability of the wood to absorb water, rendering it more dimensionally stable and because it is no longer digestible, extremely durable.

Our process is extremely efficient and locks carbon into a long-life product.