Accsys Technologies (LON:AXS) Stock Price Down 9.8% – Should You Sell?

Shares of Accsys Technologies PLC (LON:AXS) dropped 9.8% during trading on Thursday . The stock traded as low as GBX 39 ($0.49) and last traded at GBX 39.70 ($0.50). Approximately 1,675,753 shares traded hands during mid-day trading, an increase of 1,125% from the average daily volume of 136,808 shares. The stock had previously closed at GBX 44 ($0.55).

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 stock’s 50 day moving average price is GBX 45.66 and its two-hundred day moving average price is GBX 48.89. The firm has a market capitalization of £93.93 million, a PE ratio of -558.57 and a beta of 1.32.

Insider Activity at Accsys Technologies

In other news, insider Louis Eperjesi bought 21,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The shares were purchased at an average price of GBX 47 ($0.59) per share, for a total transaction of £9,870 ($12,339.04). 27.89% of the stock is currently owned by corporate insiders.

About Accsys Technologies

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.