Accsys Technologies (LON:AXS) Stock Passes Above 50 Day Moving Average – What’s Next?

Accsys Technologies PLC (LON:AXS)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 62.06 and traded as high as GBX 62.60. Accsys Technologies shares last traded at GBX 62.48, with a volume of 184,245 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Panmure Gordon reaffirmed a “buy” rating and issued 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 data from MarketBeat, Accsys Technologies has a consensus rating of “Buy” and a consensus price target of GBX 100.

Accsys Technologies Stock Down 0.2%

The company has a debt-to-equity ratio of 54.32, a current ratio of 2.71 and a quick ratio of 0.59. The stock has a 50 day simple moving average of GBX 62.06 and a 200-day simple moving average of GBX 61.97. The firm has a market cap of £151.12 million, a PE ratio of 62.38 and a beta of 1.32.

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.