Accsys Technologies (LON:AXS) Shares Cross Above 50-Day Moving Average – What’s Next?

Accsys Technologies PLC (LON:AXS)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 61.83 and traded as high as GBX 65. Accsys Technologies shares last traded at GBX 64.37, with a volume of 87,880 shares traded.

Analyst Ratings Changes

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

Accsys Technologies Stock Down 0.3%

The stock has a market capitalization of £155.05 million, a price-to-earnings ratio of 64.00 and a beta of 1.32. The business has a 50-day moving average of GBX 61.83 and a 200-day moving average of GBX 62.06. The company has a debt-to-equity ratio of 54.32, a quick ratio of 0.59 and a current ratio of 2.71.

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.